IMS Capital Management Buys New Position in Lockheed Martin Corporation $LMT

IMS Capital Management bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,152 shares of the aerospace company’s stock, valued at approximately $997,000.

Several other hedge funds have also recently added to or reduced their stakes in LMT. GAMMA Investing LLC increased its position in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after buying an additional 1,986,600 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after acquiring an additional 560,457 shares during the last quarter. Nuveen LLC bought a new stake in Lockheed Martin during the first quarter valued at $221,790,000. AQR Capital Management LLC grew its holdings in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after acquiring an additional 350,796 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after acquiring an additional 302,684 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Robert W. Baird cut their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Price Performance

Shares of LMT opened at $485.99 on Wednesday. The business’s fifty day moving average is $447.62 and its 200 day moving average is $459.30. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a market cap of $113.46 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.69 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 analyst estimates of $18.59 billion. During the same quarter in the previous year, the business posted $7.11 EPS. Lockheed Martin’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Company 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.