Smith Chas P & Associates PA Cpas Has $41.40 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Smith Chas P & Associates PA Cpas increased its stake in Lockheed Martin Corporation by 2.7% during the 2nd quarter, bringing its total holdings to approximately $41.40 million.
• Lockheed Martin reported earnings of $7.29 per share for the latest quarter, exceeding analysts' expectations by $0.72, despite slightly falling short on revenue estimates.
• Analysts show mixed sentiment on Lockheed Martin, with target prices ranging from $440.00 to $551.00 and a consensus rating of "Hold."

Smith Chas P & Associates PA Cpas lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,385 shares of the aerospace company's stock after buying an additional 2,351 shares during the quarter. Lockheed Martin comprises approximately 2.3% of Smith Chas P & Associates PA Cpas' holdings, making the stock its 15th biggest position. Smith Chas P & Associates PA Cpas' holdings in Lockheed Martin were worth $41,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth about $31,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the first quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $45,000. McIlrath & Eck LLC increased its stake in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares during the period. Finally, Dagco Inc. acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $50,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.7%

NYSE LMT opened at $487.53 on Monday. The business has a fifty day moving average price of $448.68 and a two-hundred day moving average price of $459.59. The stock has a market capitalization of $113.82 billion, a PE ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. 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 (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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.

Analyst Ratings Changes

Several analysts recently issued reports on LMT shares. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Royal Bank Of Canada dropped their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One equities 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $494.00.

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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