Kathmere Capital Management LLC Purchases 949 Shares of Lockheed Martin Corporation $LMT

Key Points

• Kathmere Capital Management LLC increased its position in Lockheed Martin by 30.1%, purchasing an additional 949 shares to bring its total holdings to 4,107 shares, valued at approximately $1.9 million.
• Lockheed Martin reported $7.29 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $6.57, while total revenue was $18.16 billion, slightly below expectations.
• Current analysts' consensus rating for Lockheed Martin is "Hold", with an average price target of $494.00, reflecting a mix of updated ratings from various research firms.

Kathmere Capital Management LLC increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,107 shares of the aerospace company's stock after purchasing an additional 949 shares during the quarter. Kathmere Capital Management LLC's holdings in Lockheed Martin were worth $1,902,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 7.5% during the first 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 in the last quarter. Royal Bank of Canada raised its stake in Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after acquiring an additional 12,899 shares in the last quarter. GAMMA Investing LLC raised its stake in Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after acquiring an additional 24,512 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT opened at $487.53 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. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock has a market cap of $113.82 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. The stock's 50-day moving average price is $448.68 and its two-hundred day moving average price is $459.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the business earned $7.11 earnings per share. The company's 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. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on LMT. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $494.00.

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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