Lockheed Martin Corporation $LMT Position Boosted by REAP Financial Group LLC

REAP Financial Group LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 67.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142 shares of the aerospace company’s stock after acquiring an additional 57 shares during the quarter. REAP Financial Group LLC’s holdings in Lockheed Martin were worth $66,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $45,000. McIlrath & Eck LLC lifted its holdings 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, Creative Capital Management Investments LLC lifted its holdings in shares of Lockheed Martin by 2,575.0% during the 2nd quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock valued at $50,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.6%

LMT opened at $513.98 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year 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. The stock has a market capitalization of $119.99 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.80 and a beta of 0.28. The business has a 50 day moving average of $461.48 and a 200-day moving average of $461.89.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $7.11 earnings per share. Lockheed Martin’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

LMT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. UBS Group reduced their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America reduced their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $496.88.

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.