Merit Financial Group LLC Buys 9,557 Shares of Lockheed Martin Corporation $LMT

Merit Financial Group LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 73.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,518 shares of the aerospace company’s stock after buying an additional 9,557 shares during the quarter. Merit Financial Group LLC’s holdings in Lockheed Martin were worth $10,429,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin in the first quarter worth approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin in the 1st quarter worth $45,000. McIlrath & Eck LLC raised its holdings in 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 acquiring an additional 66 shares during the period. Finally, Creative Capital Management Investments LLC lifted its position in shares of Lockheed Martin by 2,575.0% in the second quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Finally, Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Price Performance

LMT stock opened at $504.69 on Monday. The company has a fifty day simple moving average of $455.88 and a two-hundred day simple moving average of $460.66. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $117.82 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 firm had revenue of $18.16 billion for 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% compared to the same quarter last year. During the same period in the prior year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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.