Keudell Morrison Wealth Management Has $820,000 Holdings in Lockheed Martin Corporation $LMT

Keudell Morrison Wealth Management raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the aerospace company’s stock after acquiring an additional 57 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Lockheed Martin were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

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

Lockheed Martin Stock Up 1.1%

Shares of NYSE LMT opened at $504.69 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. 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. The firm has a 50 day moving average price of $455.88 and a 200 day moving average price of $460.70.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Robert W. Baird dropped their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Finally, TD Cowen reissued a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.