CCM Investment Advisers LLC Invests $8.22 Million in Lockheed Martin Corporation $LMT

Key Points

• CCM Investment Advisers LLC has invested approximately $8.22 million in Lockheed Martin Corporation, acquiring 17,748 shares during the second quarter.
• Lockheed Martin's recent quarterly earnings showed $7.29 earnings per share, exceeding expectations, while revenues reached $18.16 billion, slightly below analyst forecasts.
• Brokerage analysts have varied opinions on Lockheed Martin, with price targets ranging from $440.00 to $550.00 and a consensus rating of "Hold" for the stock.

CCM Investment Advisers LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,748 shares of the aerospace company's stock, valued at approximately $8,220,000.

Several other hedge funds also recently made changes to their positions in the business. Entropy Technologies LP boosted its holdings in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after buying an additional 14,171 shares during the period. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin in the first quarter worth about $377,000. First American Bank boosted its holdings in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after buying an additional 1,327 shares during the period. Empowered Funds LLC boosted its holdings in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock worth $18,038,000 after buying an additional 7,052 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after buying an additional 2,686 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LMT. Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Susquehanna decreased their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Robert W. Baird decreased their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One equities research 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's stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of LMT opened at $485.99 on Wednesday. The firm has a market cap of $113.46 billion, a PE ratio of 27.36, a PEG ratio of 1.69 and a beta of 0.26. The firm's 50 day moving average price is $447.62 and its 200 day moving average price is $459.30. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.

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