Lockheed Martin Corporation $LMT Stock Holdings Decreased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,424 shares of the aerospace company’s stock after selling 159 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lockheed Martin were worth $660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $45,000. McIlrath & Eck LLC grew its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares during the last quarter. Finally, Dagco Inc. bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $50,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada reduced their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Trading Up 1.1%

Shares of NYSE:LMT opened at $504.69 on Friday. The company has a 50 day moving average of $455.88 and a 200-day moving average of $460.77. The firm has a market cap of $117.83 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.76 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month 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.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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 analyst estimates 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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.