Lockheed Martin Corporation $LMT Shares Purchased by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. lifted its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,155 shares of the aerospace company’s stock after purchasing an additional 106 shares during the period. Lockheed Martin makes up 1.2% of Hall Capital Management Co. Inc.’s investment portfolio, making the stock its 29th largest holding. Hall Capital Management Co. Inc.’s holdings in Lockheed Martin were worth $2,851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMT. 49 Wealth Management LLC raised its position in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after buying an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. grew its holdings in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 22 shares during the period. Tyler Stone Wealth Management increased its position in shares of Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its position in shares of Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. increased its position in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Bank of America decreased their target price 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. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Vertical Research reaffirmed a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $497.13.

Lockheed Martin Stock Down 0.6%

Shares of NYSE:LMT opened at $511.28 on Wednesday. The stock has a market capitalization of $119.36 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.81 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 moving average is $459.57 and its two-hundred day moving average is $461.53. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Company 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.