Founders Capital Management Purchases 4,648 Shares of Lockheed Martin Corporation $LMT

Key Points

• Founders Capital Management increased its stake in Lockheed Martin by 46.9%, purchasing an additional 4,648 shares to own a total of 14,568 shares, valued at $6,747,000.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, exceeding analyst estimates of $6.57, along with a slight revenue increase of 0.2% year-over-year.
• Despite recent upgrades and downgrades from various analysts, Lockheed Martin currently holds a consensus rating of "Hold" and a consensus price target of $494.00.

Founders Capital Management raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 46.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,568 shares of the aerospace company's stock after purchasing an additional 4,648 shares during the quarter. Lockheed Martin comprises approximately 4.0% of Founders Capital Management's investment portfolio, making the stock its 9th biggest holding. Founders Capital Management's holdings in Lockheed Martin were worth $6,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Royal Bank of Canada boosted its stake in Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. lifted its position in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Lockheed Martin by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company's stock worth $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 1.4%

LMT opened at $499.10 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market cap of $116.52 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.26. The firm has a 50 day simple moving average of $451.05 and a 200 day simple moving average of $460.03. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin'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 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

LMT has been the topic of a number of recent research reports. 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. Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Bank of America dropped their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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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