Keudell Morrison Wealth Management Has $820,000 Position in Lockheed Martin Corporation $LMT

Keudell Morrison Wealth Management lifted its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,770 shares of the aerospace company’s stock after buying an additional 57 shares during the period. Keudell Morrison Wealth Management’s holdings in Lockheed Martin were worth $820,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the 1st quarter valued at $45,000. McIlrath & Eck LLC increased its holdings in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $50,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $504.69 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm’s 50-day moving average price is $455.88 and its two-hundred day moving average price is $460.70. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $117.82 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced 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. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Bank of America cut their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada decreased their price objective 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. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target 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.