Symmetry Partners LLC Invests $203,000 in Lockheed Martin Corporation $LMT

Symmetry Partners LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 439 shares of the aerospace company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin in the first quarter worth approximately $45,000. McIlrath & Eck LLC increased its position in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Lockheed Martin during the first quarter valued at about $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7%

NYSE LMT opened at $487.53 on Friday. The company has a market capitalization of $113.82 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26. The stock’s 50-day simple moving average is $448.68 and its two-hundred day simple moving average is $459.65. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month 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.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. The company’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. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Robert W. Baird reduced their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $494.00.

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.