Riverview Trust Co Has $302,000 Stock Position in Lockheed Martin Corporation $LMT

Riverview Trust Co lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653 shares of the aerospace company’s stock after selling 239 shares during the period. Riverview Trust Co’s holdings in Lockheed Martin were worth $302,000 at the end of the most recent quarter.

Other hedge funds have also recently 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 approximately $31,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin in the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin in the first quarter valued at approximately $45,000. McIlrath & Eck LLC boosted its position in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in Lockheed Martin in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Susquehanna cut their price target 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. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Robert W. Baird cut their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Price Performance

LMT stock opened at $499.18 on Thursday. The firm has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.76 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company’s fifty day simple moving average is $452.65 and its 200 day simple moving average is $460.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share 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.