Trifecta Capital Advisors LLC increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,179 shares of the aerospace company's stock after purchasing an additional 1,145 shares during the quarter. Trifecta Capital Advisors LLC's holdings in Lockheed Martin were worth $5,178,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the first quarter worth $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the first quarter worth $45,000. McIlrath & Eck LLC lifted its position in Lockheed Martin by 161.0% in 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. bought a new position in Lockheed Martin in the first quarter worth $50,000. 74.19% of the stock is owned by institutional investors.
Lockheed Martin Stock Performance
Shares of NYSE:LMT opened at $513.98 on Thursday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market cap of $119.99 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.28. 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 business has a fifty day moving average of $461.48 and a 200-day moving average of $461.89.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during 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%.The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a "hold" rating in a research report on Wednesday. Weiss Ratings reiterated a "hold (c)" rating on shares of Lockheed Martin in a research note on Wednesday. UBS Group dropped their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $496.88.
Read Our Latest Research Report on LMT
Lockheed Martin Profile
(
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.
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