Consolidated Portfolio Review Corp Boosts Stake in Lockheed Martin Corporation $LMT

Consolidated Portfolio Review Corp raised its position in Lockheed Martin Corporation (NYSE:LMT) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,895 shares of the aerospace company’s stock after buying an additional 67 shares during the period. Consolidated Portfolio Review Corp’s holdings in Lockheed Martin were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after purchasing an additional 31,443 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lockheed Martin by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $499.18 on Thursday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The company has a 50-day moving average price of $452.65 and a two-hundred day moving average price of $460.30.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LMT. Royal Bank Of Canada cut their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Robert W. Baird cut their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. TD Cowen reiterated a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.