BridgePort Financial Solutions LLC Grows Stock Holdings in Lockheed Martin Corporation $LMT

BridgePort Financial Solutions LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 23.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 973 shares of the aerospace company’s stock after acquiring an additional 187 shares during the period. BridgePort Financial Solutions LLC’s holdings in Lockheed Martin were worth $451,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. 49 Wealth Management LLC raised its holdings in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. raised its holdings in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. raised its holdings in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE:LMT opened at $504.69 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $117.82 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28. The firm’s fifty day simple moving average is $455.88 and its 200 day simple moving average is $460.70. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The business 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 quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LMT shares. Robert W. Baird cut their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. 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 for the company in a research note on Wednesday, July 23rd. Finally, Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.