Winthrop Advisory Group LLC Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Winthrop Advisory Group LLC has acquired a new position in Lockheed Martin Corporation, purchasing 2,095 shares valued at approximately $970,000 during the 2nd quarter.
• As of now, 74.19% of Lockheed Martin's stock is owned by institutional investors, indicating strong interest from larger financial entities.
• Analysts currently hold a mixed outlook on Lockheed Martin, with an average rating of "Hold" and price targets ranging from $440.00 to $554.00.

Winthrop Advisory Group LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,095 shares of the aerospace company's stock, valued at approximately $970,000.

Several other institutional investors have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the first quarter valued at $45,000. McIlrath & Eck LLC grew 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 acquiring an additional 66 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin during the first quarter valued at about $50,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Vertical Research reaffirmed a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Bank of America dropped their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $497.13.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $511.28 on Wednesday. The firm's 50 day moving average is $459.57 and its 200 day moving average is $461.53. The stock has a market capitalization of $119.36 billion, a P/E ratio of 28.79, a PEG ratio of 1.81 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.