Lockheed Martin Corporation $LMT Shares Bought by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC increased its stake in Lockheed Martin by 3.3% in Q2, holding 107,642 shares valued at approximately $49.85 million.
• Lockheed Martin reported earnings per share of $7.29 for the last quarter, exceeding analysts' expectations of $6.57 and signaling modest revenue growth year-over-year.
• Analysts have mixed opinions on Lockheed Martin, with several lowering their price targets while maintaining ratings of "Buy" and "Hold," resulting in a consensus rating of "Hold" and an average price target of $494.

Capital Investment Advisors LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,642 shares of the aerospace company's stock after acquiring an additional 3,406 shares during the quarter. Capital Investment Advisors LLC's holdings in Lockheed Martin were worth $49,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. increased 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 during the last quarter. Nuveen LLC purchased a new stake in shares of Lockheed Martin in the first quarter worth about $221,790,000. AQR Capital Management LLC boosted its position in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after buying an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock worth $135,985,000 after buying an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock worth $333,859,000 after buying an additional 278,121 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.9%

NYSE:LMT opened at $491.75 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business's 50 day moving average is $449.28 and its two-hundred day moving average is $459.76. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a market cap of $114.80 billion, a PE ratio of 27.69, a P/E/G ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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 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%.The business's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMT. Robert W. Baird decreased their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned 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.

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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