Lockheed Martin Corporation $LMT Shares Bought by Accel Wealth Management

Accel Wealth Management raised its position in Lockheed Martin Corporation (NYSE:LMT) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448 shares of the aerospace company’s stock after acquiring an additional 325 shares during the quarter. Accel Wealth Management’s holdings in Lockheed Martin were worth $671,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Royal Bank of Canada grew its position in Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. grew its position in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after acquiring an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after acquiring an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $504.69 on Friday. 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 Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a 50 day moving average of $455.88 and a two-hundred day moving average of $460.70. The stock has a market cap of $117.82 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LMT shares. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. TD Cowen reissued a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $494.00.

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.