Founders Capital Management Has $6.75 Million Position in Lockheed Martin Corporation $LMT

Founders Capital Management lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 46.9% in the 2nd quarter, Holdings Channel reports. The fund owned 14,568 shares of the aerospace company’s stock after acquiring an additional 4,648 shares during the quarter. Lockheed Martin accounts for approximately 4.0% of Founders Capital Management’s investment portfolio, making the stock its 9th biggest position. Founders Capital Management’s holdings in Lockheed Martin were worth $6,747,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the first quarter valued at $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin during the first quarter worth about $45,000. McIlrath & Eck LLC increased its position 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 acquiring an additional 66 shares during the period. Finally, Dagco Inc. bought a new position in Lockheed Martin during the first quarter worth about $50,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.4%

NYSE:LMT opened at $499.10 on Wednesday. The firm’s 50 day simple moving average is $451.05 and its 200 day simple moving average is $460.03. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a market cap of $116.52 billion, a PE ratio of 28.10, a P/E/G ratio of 1.73 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the company 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. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent analyst reports. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Robert W. Baird decreased their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Susquehanna decreased their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. One investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $494.00.

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.