Duncan Williams Asset Management LLC Takes Position in Lockheed Martin Corporation $LMT

Duncan Williams Asset Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 472 shares of the aerospace company’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the 1st quarter worth $45,000. McIlrath & Eck LLC raised its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LMT. Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. 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 note on Wednesday, July 23rd. UBS Group reduced 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 note on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. 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 company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $497.13.

Lockheed Martin Price Performance

Shares of LMT opened at $514.46 on Tuesday. The stock has a 50 day simple moving average of $457.74 and a 200 day simple moving average of $461.18. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. 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 firm has a market capitalization of $120.11 billion, a PE ratio of 28.97, a P/E/G ratio of 1.77 and a beta of 0.28.

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 analysts’ consensus estimates of $6.57 by $0.72. The firm 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 quarter in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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.