Columbus Macro LLC Has $5.94 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• Columbus Macro LLC increased its stake in Lockheed Martin Corporation by 7.2% during Q2, totaling $5.94 million in holdings after acquiring an additional 856 shares.
• Various institutional investors have also increased their positions, with Charles Schwab Investment Management boost of 7.5% and T. Rowe Price's dramatic increase of 17,506.3% in the same quarter.
• Lockheed Martin reported a quarterly EPS of $7.29, surpassing analyst estimates, although revenues of $18.16 billion fell slightly short of expectations.

Columbus Macro LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,825 shares of the aerospace company's stock after buying an additional 856 shares during the quarter. Columbus Macro LLC's holdings in Lockheed Martin were worth $5,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the period. Nuveen LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth about $221,790,000. AQR Capital Management LLC increased its holdings in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after purchasing an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock worth $135,985,000 after purchasing an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Lockheed Martin by 59.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock worth $333,859,000 after purchasing an additional 278,121 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LMT shares. Royal Bank Of Canada dropped 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 report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Bank of America decreased their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Vertical Research reiterated a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $496.88.

Lockheed Martin Price Performance

NYSE:LMT opened at $513.98 on Thursday. The firm has a market cap of $119.99 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company's 50-day moving average price is $461.48 and its two-hundred day moving average price is $461.89.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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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