559 Shares in Lockheed Martin Corporation $LMT Acquired by TPG Advisors LLC

Key Points

• TPG Advisors LLC acquired 559 shares of Lockheed Martin Corporation, valued at approximately $259,000, during the second quarter, marking a new position for the firm.
• Analyst ratings for Lockheed Martin have shifted, with Truist Financial cutting their rating from "buy" to "hold" and lowering the price target from $554 to $440.
• Lockheed Martin reported $7.29 earnings per share in its latest quarterly results, exceeding the consensus estimate of $6.57, although revenue fell short of expectations at $18.16 billion.

TPG Advisors LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 559 shares of the aerospace company's stock, valued at approximately $259,000.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the first quarter valued at approximately $45,000. McIlrath & Eck LLC lifted 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 valued at $48,000 after buying an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new position in Lockheed Martin during the first quarter valued at approximately $50,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Vertical Research reissued a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, TD Cowen reissued a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $494.00.

Lockheed Martin Stock Down 0.0%

Shares of NYSE:LMT opened at $499.18 on Thursday. The firm has a market cap of $116.54 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The company has a fifty day simple moving average of $452.65 and a 200 day simple moving average of $460.30. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

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 (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for 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 firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts anticipate 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.

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