4,327 Shares in Lockheed Martin Corporation $LMT Bought by Fluent Financial LLC

Key Points

• Fluent Financial LLC acquired 4,327 shares of Lockheed Martin, valued at approximately $2,004,000, in the second quarter of the year.
• Lockheed Martin reported a quarterly earnings per share (EPS) of $7.29, surpassing analysts' expectations, and set a fiscal year 2025 EPS guidance of 21.700-22.000.
• The stock currently has a market cap of $119.99 billion and is rated with a consensus of "Hold" by analysts, with a price target at $496.88.

Fluent Financial LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,327 shares of the aerospace company's stock, valued at approximately $2,004,000.

Several other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin in the 1st quarter worth $45,000. McIlrath & Eck LLC raised its position in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after acquiring an additional 66 shares during the period. Finally, Creative Capital Management Investments LLC lifted its holdings in 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 in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $513.98 on Thursday. 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 company has a 50-day moving average price of $461.48 and a 200 day moving average price of $461.89. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The stock has a market cap of $119.99 billion, a P/E ratio of 28.94, a PEG ratio of 1.80 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. 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. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a "hold" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. One investment 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. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus price target of $496.88.

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.

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