Quent Capital LLC Buys 97 Shares of Lockheed Martin Corporation $LMT

Quent Capital LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,101 shares of the aerospace company’s stock after buying an additional 97 shares during the quarter. Quent Capital LLC’s holdings in Lockheed Martin were worth $510,000 at the end of the most recent reporting period.

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

Lockheed Martin Price Performance

Shares of LMT opened at $504.69 on Friday. The company has a market cap of $117.82 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company’s fifty day simple moving average is $455.88 and its 200 day simple moving average is $460.70. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the previous year, the business posted $7.11 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Robert W. Baird lowered their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently 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.