Kiley Juergens Wealth Management LLC Makes New Investment in Lockheed Martin Corporation $LMT

Key Points

• Kiley Juergens Wealth Management LLC acquired a new position in Lockheed Martin by purchasing 13,097 shares valued at approximately $6.06 million, making it the firm's 15th largest holding.
• Lockheed Martin's latest quarterly earnings reported an EPS of $7.29, exceeding analysts' expectations of $6.57, while revenue for the quarter was $18.16 billion, slightly below expectations.
• Wall Street analysts have mixed ratings for Lockheed Martin, with a consensus rating of "Hold" and an average target price of $494.00, as some analysts have adjusted downward their price objectives.

Kiley Juergens Wealth Management LLC purchased a new position in 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 purchased 13,097 shares of the aerospace company's stock, valued at approximately $6,066,000. Lockheed Martin accounts for approximately 1.4% of Kiley Juergens Wealth Management LLC's investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position 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 during the last quarter. Royal Bank of Canada raised its holdings in shares of Lockheed Martin by 1.4% in 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 during the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 12,899 shares during the last quarter. GAMMA Investing LLC raised its position in 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 valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 valued at $580,317,000 after purchasing an additional 24,512 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.7%

Shares of LMT opened at $487.53 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 one year low of $410.11 and a one year high of $618.95. The company has a market cap of $113.82 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.70 and a beta of 0.26. The firm has a 50 day simple moving average of $448.68 and a two-hundred day simple moving average of $459.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the firm posted $7.11 earnings per share. The company's revenue for the quarter 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 forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Bank of America decreased their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Vertical Research reissued a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One equities research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Company 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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