Lockheed Martin Corporation $LMT Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 13.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,266 shares of the aerospace company’s stock after buying an additional 377 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Lockheed Martin were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. J2 Capital Management Inc increased its holdings in shares of Lockheed Martin by 21.0% in the 2nd quarter. J2 Capital Management Inc now owns 1,229 shares of the aerospace company’s stock valued at $569,000 after acquiring an additional 213 shares during the period. DMKC Advisory Services LLC increased its holdings in shares of Lockheed Martin by 12.4% in the 2nd quarter. DMKC Advisory Services LLC now owns 4,416 shares of the aerospace company’s stock valued at $2,072,000 after acquiring an additional 486 shares during the period. McGuire Investment Group LLC increased its holdings in shares of Lockheed Martin by 2.1% in the 2nd quarter. McGuire Investment Group LLC now owns 9,421 shares of the aerospace company’s stock valued at $4,363,000 after acquiring an additional 194 shares during the period. Vicus Capital increased its holdings in shares of Lockheed Martin by 12.7% in the 2nd quarter. Vicus Capital now owns 1,647 shares of the aerospace company’s stock valued at $763,000 after acquiring an additional 186 shares during the period. Finally, Gold Investment Management Ltd. increased its holdings in shares of Lockheed Martin by 5.7% in the 2nd quarter. Gold Investment Management Ltd. now owns 9,427 shares of the aerospace company’s stock valued at $4,384,000 after acquiring an additional 507 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Royal Bank Of Canada lowered their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $499.12 on Friday. The firm has a market capitalization of $116.52 billion, a P/E ratio of 28.10, a PEG ratio of 1.75 and a beta of 0.28. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company’s fifty day moving average is $454.21 and its two-hundred day moving average is $460.52. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT) last issued 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 company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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.