Lockheed Martin Corporation $LMT Stock Holdings Lifted by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC increased its stake in Lockheed Martin Corporation by 7.2%, owning 14,982 shares valued at approximately $6.94 million at the end of the last quarter.
• A variety of institutional investors, including Entropy Technologies LP and Empowered Funds LLC, significantly raised their positions in Lockheed Martin during the first quarter, highlighting strong interest in the aerospace sector.
• Lockheed Martin reported quarterly earnings of $7.29 per share, surpassing estimates, while its revenue of $18.16 billion fell slightly short of projections, signaling mixed performance amidst ongoing defense industry demand.

Valeo Financial Advisors LLC grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,982 shares of the aerospace company's stock after purchasing an additional 1,008 shares during the period. Valeo Financial Advisors LLC's holdings in Lockheed Martin were worth $6,939,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Entropy Technologies LP increased its holdings in shares of Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $377,000. First American Bank grew its holdings in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Empowered Funds LLC grew its holdings in Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock valued at $18,038,000 after purchasing an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its position in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after purchasing an additional 2,686 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LMT shares. UBS Group lowered their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Bank of America dropped their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Vertical Research restated a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, TD Cowen reaffirmed a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Price Performance

NYSE:LMT opened at $504.69 on Monday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a 50-day moving average of $455.88 and a 200-day moving average of $460.66. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a market capitalization of $117.82 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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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