Lockheed Martin Corporation $LMT Position Raised by REAP Financial Group LLC

REAP Financial Group LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 67.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 142 shares of the aerospace company’s stock after buying an additional 57 shares during the quarter. REAP Financial Group LLC’s holdings in Lockheed Martin were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LMT. Entropy Technologies LP lifted its stake in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after acquiring an additional 14,171 shares during the period. PTM Wealth Management LLC bought a new position in shares of Lockheed Martin in the first quarter valued at approximately $377,000. First American Bank boosted its holdings in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after acquiring an additional 2,686 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.6%

Shares of LMT opened at $513.98 on Thursday. The business’s 50-day moving average price is $461.48 and its 200 day moving average price is $461.89. The stock has a market capitalization of $119.99 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.80 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. 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 (NYSE:LMT) last issued 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. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LMT shares. Robert W. Baird increased their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday. Finally, Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $496.88.

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.