Firethorn Wealth Partners LLC Boosts Holdings in Lockheed Martin Corporation $LMT

Firethorn Wealth Partners LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 814 shares of the aerospace company’s stock after buying an additional 54 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Lockheed Martin were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter worth $31,000. EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin during the first quarter valued at $45,000. McIlrath & Eck LLC boosted its stake in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 66 shares during the period. Finally, Creative Capital Management Investments LLC boosted its stake in shares of Lockheed Martin by 2,575.0% during the second quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 103 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Saturday, September 27th. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $504.69 on Friday. The company has a market capitalization of $117.82 billion, a PE ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28. 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 company has a 50-day simple moving average of $455.88 and a two-hundred day simple moving average of $460.70. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate 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 was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 earnings per share. 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 fiscal year.

Lockheed Martin Company Profile

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.