Hilltop National Bank Buys New Position in Lockheed Martin Corporation $LMT

Key Points

• Hilltop National Bank purchased a new position in Lockheed Martin, acquiring 2,500 shares valued at approximately $1,158,000 during the second quarter.
• Institutional ownership of Lockheed Martin is significant, with hedge funds and other institutions holding 74.19% of the company's stock.
• Recent analyst ratings for Lockheed Martin show a mixed outlook, with one Strong Buy, six Buy, and fourteen Hold ratings, indicating cautious sentiment among analysts.

Hilltop National Bank bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,500 shares of the aerospace company's stock, valued at approximately $1,158,000.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LMT shares. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report 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. Vertical Research reaffirmed a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Up 0.0%

LMT stock opened at $499.12 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $116.52 billion, a PE ratio of 28.10, a PEG ratio of 1.75 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The business's 50 day simple moving average is $454.21 and its 200 day simple moving average is $460.52.

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