Consolidated Portfolio Review Corp Raises Holdings in Lockheed Martin Corporation $LMT

Consolidated Portfolio Review Corp grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,895 shares of the aerospace company’s stock after purchasing an additional 67 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Lockheed Martin were worth $878,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMT. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Lockheed Martin by 8.8% during the first quarter. Merit Financial Group LLC now owns 12,961 shares of the aerospace company’s stock worth $5,790,000 after buying an additional 1,046 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of Lockheed Martin by 10.0% during the first quarter. RFG Advisory LLC now owns 5,076 shares of the aerospace company’s stock worth $2,267,000 after buying an additional 462 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Lockheed Martin by 25.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 9,452 shares of the aerospace company’s stock worth $4,222,000 after buying an additional 1,906 shares during the last quarter. Finally, Apella Capital LLC purchased a new position in shares of Lockheed Martin during the first quarter worth about $494,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.0%

Shares of Lockheed Martin stock opened at $499.18 on Thursday. The company has a fifty day moving average price of $452.65 and a 200 day moving average price of $460.30. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping 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 firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the company earned $7.11 EPS. The firm’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Cowen restated a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada decreased their price target on 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. Vertical Research restated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $494.00.

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.