Fortune Financial Advisors LLC Has $1.53 Million Stock Holdings in Lockheed Martin Corporation $LMT

Fortune Financial Advisors LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,307 shares of the aerospace company’s stock after purchasing an additional 51 shares during the period. Lockheed Martin makes up approximately 1.2% of Fortune Financial Advisors LLC’s holdings, making the stock its 29th largest position. Fortune Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $35,000. 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. Finally, McIlrath & Eck LLC boosted its stake in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. UBS Group reduced their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Truist Financial lowered 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 note on Wednesday, July 23rd. Robert W. Baird lowered their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Trading Down 0.1%

NYSE LMT opened at $486.23 on Thursday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a 50-day simple moving average of $447.91 and a 200 day simple moving average of $459.49. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $113.52 billion, a PE ratio of 27.38, a P/E/G ratio of 1.71 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. The company 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%.Lockheed Martin’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current 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.