Builder Investment Group Inc. ADV Has $5.29 Million Stake in Lockheed Martin Corporation $LMT

Builder Investment Group Inc. ADV decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,428 shares of the aerospace company’s stock after selling 100 shares during the period. Lockheed Martin makes up 1.3% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 18th biggest holding. Builder Investment Group Inc. ADV’s holdings in Lockheed Martin were worth $5,293,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LMT. GAMMA Investing LLC boosted its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after buying an additional 560,457 shares during the period. Nuveen LLC bought a new position in Lockheed Martin in the 1st quarter valued at $221,790,000. AQR Capital Management LLC boosted its holdings in Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after purchasing an additional 350,796 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after buying an additional 302,684 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.7%

NYSE LMT opened at $487.53 on Friday. The firm has a market cap of $113.82 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a 50 day moving average price of $448.68 and a 200 day moving average price of $459.66.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating 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 in the prior year, the firm earned $7.11 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. TD Cowen reaffirmed a “hold” rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.