Lockheed Martin Corporation $LMT Stock Position Lifted by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 37.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 647 shares of the aerospace company’s stock after buying an additional 176 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Lockheed Martin were worth $300,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the 1st quarter worth approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin during the 1st quarter worth approximately $45,000. McIlrath & Eck LLC lifted its holdings in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares during the last quarter. Finally, Dagco Inc. bought a new position in Lockheed Martin during the 1st quarter worth approximately $50,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a 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. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Up 0.9%

LMT opened at $491.75 on Tuesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market cap of $114.80 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.71 and a beta of 0.26. The stock’s 50 day moving average price is $449.28 and its 200 day moving average price is $459.76.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the firm earned $7.11 EPS. The firm’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, research analysts predict 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.