Lockheed Martin Corporation $LMT Shares Acquired by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,198 shares of the aerospace company’s stock after purchasing an additional 589 shares during the period. Stockman Wealth Management Inc.’s holdings in Lockheed Martin were worth $9,818,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the first quarter valued at $31,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin in the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin in the first quarter valued at $45,000. McIlrath & Eck LLC raised its holdings in Lockheed Martin by 161.0% in 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 in the last quarter. Finally, Dagco Inc. acquired a new stake in Lockheed Martin in the first quarter valued at $50,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on LMT shares. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Finally, Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Up 0.7%

LMT stock opened at $487.53 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a fifty day moving average price of $448.68 and a two-hundred day moving average price of $459.65. The firm has a market cap of $113.82 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm 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 firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

About Lockheed Martin

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.