Novem Group Invests $965,000 in Lockheed Martin Corporation $LMT

Key Points

• Novem Group has invested approximately $965,000 in Lockheed Martin Corporation by purchasing 2,083 shares, according to a recent SEC filing.
• Lockheed Martin's stock has received mixed ratings from analysts, with price targets ranging from $453.00 to $540.00 and a consensus rating of "Hold."
• The aerospace company announced earnings that exceeded estimates, reporting $7.29 EPS and $18.16 billion in revenue for the last quarter, despite a slight year-over-year increase in revenue.

Novem Group bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,083 shares of the aerospace company's stock, valued at approximately $965,000.

A number of other large investors have also modified their holdings of LMT. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Lockheed Martin by 219.1% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the aerospace company's stock worth $336,000 after buying an additional 517 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Lockheed Martin by 11.1% during the 1st quarter. Central Pacific Bank Trust Division now owns 630 shares of the aerospace company's stock worth $281,000 after buying an additional 63 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Lockheed Martin by 31.1% in the 1st quarter. Moody National Bank Trust Division now owns 868 shares of the aerospace company's stock worth $388,000 after acquiring an additional 206 shares during the period. Finally, Farmers Trust Co. grew its holdings in shares of Lockheed Martin by 1.8% in the 1st quarter. Farmers Trust Co. now owns 9,155 shares of the aerospace company's stock worth $4,090,000 after acquiring an additional 161 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Robert W. Baird lowered their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $487.53 on Friday. The business's fifty day moving average price is $448.68 and its two-hundred day moving average price is $459.66. The stock has a market cap of $113.82 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a one year low of $410.11 and a one year 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. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin 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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