Alley Investment Management Company LLC Has $14.51 Million Stake in Lockheed Martin Corporation $LMT

Alley Investment Management Company LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,329 shares of the aerospace company’s stock after selling 47 shares during the quarter. Lockheed Martin accounts for 1.8% of Alley Investment Management Company LLC’s investment portfolio, making the stock its 23rd largest holding. Alley Investment Management Company LLC’s holdings in Lockheed Martin were worth $14,510,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on LMT shares. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Vertical Research reissued a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Up 1.4%

LMT stock opened at $499.10 on Wednesday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock has a fifty day moving average of $451.05 and a 200-day moving average of $460.03. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $116.52 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.73 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. The company’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. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

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.