ORG Partners LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 152.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,495 shares of the aerospace company's stock after purchasing an additional 902 shares during the quarter. ORG Partners LLC's holdings in Lockheed Martin were worth $752,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the 1st quarter worth about $31,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin in the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin in the first quarter valued at approximately $45,000. McIlrath & Eck LLC lifted its stake in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after buying an additional 66 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Lockheed Martin during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 74.19% of the company's stock.
Lockheed Martin Price Performance
Shares of Lockheed Martin stock opened at $487.53 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm 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's fifty day simple moving average is $448.68 and its two-hundred day simple moving average is $459.66. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.
Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the firm earned $7.11 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on LMT. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. UBS Group decreased their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Finally, Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One 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. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $494.00.
View Our Latest Analysis on Lockheed Martin
About Lockheed Martin
(
Free Report)
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.
Further Reading
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