Eliot Finkel Investment Counsel LLC Has $3.58 Million Holdings in Lockheed Martin Corporation $LMT

Eliot Finkel Investment Counsel LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,735 shares of the aerospace company’s stock after selling 145 shares during the period. Lockheed Martin comprises 2.3% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 20th largest holding. Eliot Finkel Investment Counsel LLC’s holdings in Lockheed Martin were worth $3,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Vest Financial LLC grew its stake in Lockheed Martin by 68.1% during the 1st quarter. Vest Financial LLC now owns 3,608 shares of the aerospace company’s stock valued at $1,612,000 after acquiring an additional 1,462 shares in the last quarter. Procyon Advisors LLC grew its stake in Lockheed Martin by 20.1% during the 1st quarter. Procyon Advisors LLC now owns 5,357 shares of the aerospace company’s stock valued at $2,295,000 after acquiring an additional 896 shares in the last quarter. Pines Wealth Management LLC grew its stake in Lockheed Martin by 20.0% during the 1st quarter. Pines Wealth Management LLC now owns 2,324 shares of the aerospace company’s stock valued at $1,030,000 after acquiring an additional 388 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its stake in Lockheed Martin by 17.5% during the 1st quarter. Cranbrook Wealth Management LLC now owns 235 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1%

Shares of Lockheed Martin stock opened at $504.69 on Friday. The stock has a 50-day simple moving average of $455.88 and a 200-day simple moving average of $460.70. 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 current ratio of 0.98 and a quick ratio of 0.83. The firm has a market cap of $117.82 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28.

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, topping 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 during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the company earned $7.11 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada reduced their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $494.00.

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.