True North Advisors LLC Raises Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• True North Advisors LLC increased its stake in Lockheed Martin by 284% in Q2, owning 2,454 shares valued at approximately $1.14 million.
• Lockheed Martin reported Q2 earnings of $7.29 EPS, exceeding expectations of $6.57 EPS, despite a slight revenue decline compared to the same quarter last year.
• Analysts have varied ratings on Lockheed Martin, with a consensus average rating of "Hold" and a target price of $494.00.

True North Advisors LLC grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 284.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,454 shares of the aerospace company's stock after acquiring an additional 1,815 shares during the quarter. True North Advisors LLC's holdings in Lockheed Martin were worth $1,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LMT. Integrity Financial Corp WA purchased a new stake in Lockheed Martin in the 2nd quarter valued at $206,000. Crowley Wealth Management Inc. grew its position in Lockheed Martin by 8.3% during the 2nd quarter. Crowley Wealth Management Inc. now owns 911 shares of the aerospace company's stock worth $422,000 after purchasing an additional 70 shares during the last quarter. Destiny Wealth Partners LLC acquired a new position in Lockheed Martin in the second quarter valued at $329,000. ST Germain D J Co. Inc. raised its holdings in shares of Lockheed Martin by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 3,919 shares of the aerospace company's stock valued at $1,815,000 after buying an additional 908 shares during the last quarter. Finally, Spinnaker Investment Group LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth about $204,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $484.75 on Friday. The company has a market cap of $113.17 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The business has a fifty day moving average of $448.21 and a two-hundred day moving average of $459.53. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the firm posted $7.11 EPS. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Finally, Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $494.00.

About Lockheed Martin

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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