A. D. Beadell Investment Counsel Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Key Points

• A. D. Beadell Investment Counsel Inc. has acquired a new stake in Lockheed Martin Corporation, purchasing 3,159 shares valued at approximately $1.46 million in the second quarter.
• Lockheed Martin's recent quarterly earnings report showed an EPS of $7.29, surpassing analysts' expectations, while the company's revenue reached $18.16 billion.
• Multiple brokerages have adjusted their price targets for Lockheed Martin, with UBS lowering it from $498 to $453, while maintaining a "neutral" rating on the stock.

A. D. Beadell Investment Counsel Inc. purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,159 shares of the aerospace company's stock, valued at approximately $1,463,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $265,000. Centaurus Financial Inc. raised its holdings in Lockheed Martin by 79.8% in the 4th quarter. Centaurus Financial Inc. now owns 2,435 shares of the aerospace company's stock valued at $1,183,000 after buying an additional 1,081 shares during the last quarter. Chancellor Financial Group WB LP bought a new stake in shares of Lockheed Martin in the fourth quarter worth $209,000. Finally, DSG Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth $235,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3%

LMT opened at $484.75 on Friday. The company has a 50 day moving average of $448.21 and a 200 day moving average of $459.53. 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. The company has a market cap of $113.17 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the firm earned $7.11 EPS. The business's quarterly 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. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LMT. Royal Bank Of Canada reduced their price objective on shares of 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. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. UBS Group decreased their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird decreased their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and a consensus target price of $494.00.

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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