Woodward Diversified Capital LLC Raises Stock Position in Lockheed Martin Corporation $LMT

Woodward Diversified Capital LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 75.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,037 shares of the aerospace company’s stock after buying an additional 445 shares during the period. Woodward Diversified Capital LLC’s holdings in Lockheed Martin were worth $480,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. Vertical Research reissued a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Robert W. Baird dropped their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. UBS Group dropped their price objective 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. Finally, Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Stock Down 0.0%

LMT opened at $499.18 on Thursday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market capitalization of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The business has a 50-day moving average of $452.65 and a two-hundred day moving average of $460.30. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results 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 return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. The firm’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. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

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.