Chicago Capital LLC Purchases 37 Shares of Lockheed Martin Corporation $LMT

Chicago Capital LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,211 shares of the aerospace company’s stock after acquiring an additional 37 shares during the quarter. Chicago Capital LLC’s holdings in Lockheed Martin were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin in the 1st quarter valued at about $45,000. McIlrath & Eck LLC raised its position in shares of Lockheed Martin by 161.0% in the 1st 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, Dagco Inc. bought a new position in Lockheed Martin during the 1st quarter worth approximately $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Royal Bank Of Canada dropped their price target on 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. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Bank of America dropped their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Finally, Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Performance

LMT opened at $499.10 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a fifty day simple moving average of $451.05 and a 200 day simple moving average of $460.03. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a market capitalization of $116.52 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.During the same quarter last year, the firm earned $7.11 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts expect 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.