ST Germain D J Co. Inc. Boosts Stake in Lockheed Martin Corporation $LMT

Key Points

• ST Germain D J Co. Inc. increased its stake in Lockheed Martin Corporation by 30.2% during the second quarter, now owning 3,919 shares valued at $1,815,000.
• Several institutional investors, including TruNorth Capital Management and McIlrath & Eck LLC, have also recently made new investments or increased their holdings in Lockheed Martin.
• Wall Street analysts have lowered their price targets for Lockheed Martin, with the average target now at $494.00 and a consensus rating of "Hold."

ST Germain D J Co. Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,919 shares of the aerospace company's stock after purchasing an additional 908 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Lockheed Martin were worth $1,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at $31,000. EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at $45,000. McIlrath & Eck LLC raised its holdings in shares of Lockheed Martin by 161.0% in the 1st 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 period. Finally, Dagco Inc. purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LMT. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Vertical Research reiterated a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One 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 company's stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $487.53 on Friday. The stock's 50-day moving average is $448.68 and its two-hundred day moving average is $459.66. The company has a market cap of $113.82 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year 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 released its quarterly earnings data 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 business had revenue of $18.16 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. 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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