EdgeRock Capital LLC Takes $2.12 Million Position in Lockheed Martin Corporation $LMT

Key Points

• EdgeRock Capital LLC has acquired a new stake of **$2.12 million** in Lockheed Martin Corporation, purchasing **4,570 shares** which represent **0.7%** of its portfolio.
• Analysts have mixed views on Lockheed Martin, with ratings ranging from **"buy" to "hold"** and a consensus target price of **$494** for the stock, following multiple adjustments from various financial institutions.

EdgeRock Capital LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,570 shares of the aerospace company's stock, valued at approximately $2,116,000. Lockheed Martin accounts for 0.7% of EdgeRock Capital LLC's portfolio, making the stock its 25th biggest holding.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 7.5% in 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 acquiring an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new position in shares of Lockheed Martin in the first quarter valued at about $221,790,000. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after acquiring an additional 350,796 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after acquiring an additional 302,684 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.3%

Shares of NYSE LMT opened at $484.75 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm has a 50-day moving average of $448.21 and a 200 day moving average of $459.53. The stock has a market cap of $113.17 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 107.60% and a net margin of 5.85%.The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LMT shares. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. TD Cowen restated a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Robert W. Baird cut their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $494.00.

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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.