Fairvoy Private Wealth LLC Purchases 23 Shares of Lockheed Martin Corporation $LMT

Fairvoy Private Wealth LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 775 shares of the aerospace company’s stock after acquiring an additional 23 shares during the period. Fairvoy Private Wealth LLC’s holdings in Lockheed Martin were worth $359,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $45,000. McIlrath & Eck LLC lifted its holdings in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Finally, Dagco Inc. purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $50,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Vertical Research reiterated a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Robert W. Baird decreased their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of LMT opened at $504.69 on Friday. The firm has a market cap of $117.83 billion, a PE ratio of 28.42, a P/E/G ratio of 1.76 and a beta of 0.28. 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 firm has a fifty day simple moving average of $455.88 and a two-hundred day simple moving average of $460.77. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95.

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

Lockheed Martin 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.