FCG Investment Co Boosts Stake in Lockheed Martin Corporation $LMT

Key Points

• FCG Investment Co increased its stake in Lockheed Martin by 98.3% during the second quarter, owning 3,430 shares valued at $1,589,000.
• Lockheed Martin's stock is currently priced at $484.75, with analysts predicting an earnings per share (EPS) of 27.15 for the current year.
• The firm reported a beating of earnings estimates with an EPS of $7.29, surpassing expectations of $6.57, despite a slight revenue shortfall compared to consensus estimates.

FCG Investment Co boosted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 98.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,430 shares of the aerospace company's stock after buying an additional 1,700 shares during the quarter. Lockheed Martin makes up about 0.8% of FCG Investment Co's holdings, making the stock its 27th biggest position. FCG Investment Co's holdings in Lockheed Martin were worth $1,589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the 1st quarter valued at $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin in the first quarter worth approximately $45,000. McIlrath & Eck LLC boosted its position in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after acquiring an additional 66 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Lockheed Martin in the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.3%

LMT stock opened at $484.75 on Friday. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a fifty day moving average price of $448.21 and a two-hundred day moving average price of $459.53. The firm has a market cap of $113.17 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin'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. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LMT. TD Cowen restated a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Robert W. Baird dropped their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Finally, 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 research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.

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