Lockheed Martin Corporation $LMT Shares Acquired by PFG Investments LLC

Key Points

• PFG Investments LLC increased its stake in Lockheed Martin by 11.9% during Q2, holding 6,094 shares valued at $2.8 million.
• Multiple institutional investors, including Charles Schwab and Goldman Sachs, have also raised their positions in Lockheed Martin in recent quarters.
• Lockheed Martin reported an EPS of $7.29 for the last quarter, exceeding expectations, while the company’s revenue was slightly below analyst forecasts at $18.16 billion.

PFG Investments LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,094 shares of the aerospace company's stock after purchasing an additional 648 shares during the period. PFG Investments LLC's holdings in Lockheed Martin were worth $2,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased 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 buying an additional 560,457 shares during the period. Royal Bank of Canada increased its holdings in shares of 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 valued at $1,021,846,000 after acquiring an additional 31,443 shares during the period. Invesco Ltd. increased its holdings in shares of Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after acquiring an additional 12,899 shares during the period. Dimensional Fund Advisors LP increased its stake in Lockheed Martin by 1.9% in the first 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 during the period. Finally, Goldman Sachs Group Inc. increased its stake in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company's stock valued at $518,937,000 after purchasing an additional 51,522 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Vertical Research restated a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. UBS Group dropped their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada dropped their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a 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 on the stock in a report on Wednesday, July 23rd. One 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, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Stock Up 1.4%

LMT stock opened at $499.10 on Wednesday. The company's 50 day simple moving average is $451.05 and its 200-day simple moving average is $460.03. The firm has a market capitalization of $116.52 billion, a PE ratio of 28.10, a P/E/G ratio of 1.73 and a beta of 0.26. 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 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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. The firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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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