Spinnaker Investment Group LLC Buys Shares of 441 Lockheed Martin Corporation $LMT

Spinnaker Investment Group LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 441 shares of the aerospace company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth about $265,000. Centaurus Financial Inc. lifted its holdings in Lockheed Martin by 79.8% during the 4th quarter. Centaurus Financial Inc. now owns 2,435 shares of the aerospace company’s stock worth $1,183,000 after buying an additional 1,081 shares during the period. Chancellor Financial Group WB LP bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $209,000. Finally, DSG Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $235,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LMT shares. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. UBS Group lowered their price target 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. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Susquehanna reduced 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 note 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 equities 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 company has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Trading Down 0.3%

Shares of Lockheed Martin stock opened at $484.75 on Friday. The stock has a market capitalization of $113.17 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a 50 day moving average price of $448.21 and a two-hundred day moving average price 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) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the business earned $7.11 EPS. Lockheed Martin’s quarterly 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, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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.