111 Capital Takes $2.09 Million Position in Lockheed Martin Corporation $LMT

Key Points

• 111 Capital has acquired a new stake in Lockheed Martin Corporation, purchasing 4,507 shares valued at approximately $2.09 million during the second quarter.
• Lockheed Martin reported earnings of $7.29 EPS for the last quarter, exceeding analyst expectations of $6.57, with revenue of $18.16 billion.
• Research analysts have recently downgraded Lockheed Martin, with several reducing price targets; the current consensus rating on the stock is "Hold" with a target price of $494.00.

111 Capital bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,507 shares of the aerospace company's stock, valued at approximately $2,087,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Precedent Wealth Partners LLC raised its holdings in shares of Lockheed Martin by 9.4% in the 2nd quarter. Precedent Wealth Partners LLC now owns 3,651 shares of the aerospace company's stock valued at $1,691,000 after purchasing an additional 315 shares during the period. Fairvoy Private Wealth LLC raised its holdings in shares of Lockheed Martin by 3.1% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 775 shares of the aerospace company's stock valued at $359,000 after purchasing an additional 23 shares during the period. Jackson Wealth Management LLC grew its stake in Lockheed Martin by 0.9% in the 2nd quarter. Jackson Wealth Management LLC now owns 9,722 shares of the aerospace company's stock valued at $4,503,000 after buying an additional 85 shares during the last quarter. Stock Yards Bank & Trust Co. grew its stake in Lockheed Martin by 3.5% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 10,719 shares of the aerospace company's stock valued at $4,964,000 after buying an additional 362 shares during the last quarter. Finally, Ascent Group LLC grew its stake in Lockheed Martin by 12.0% in the 2nd quarter. Ascent Group LLC now owns 9,510 shares of the aerospace company's stock valued at $4,405,000 after buying an additional 1,021 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $504.69 on Friday. The company's 50 day moving average price is $455.88 and its two-hundred day moving average price is $460.77. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm has a market cap of $117.83 billion, a PE ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 EPS. The business's 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. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Susquehanna decreased their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Finally, Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One 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 company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.