Gold Investment Management Ltd. Acquires 507 Shares of Lockheed Martin Corporation $LMT

Gold Investment Management Ltd. grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,427 shares of the aerospace company’s stock after buying an additional 507 shares during the quarter. Lockheed Martin accounts for 1.7% of Gold Investment Management Ltd.’s holdings, making the stock its 16th biggest position. Gold Investment Management Ltd.’s holdings in Lockheed Martin were worth $4,384,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. TruNorth Capital Management LLC purchased a new position in Lockheed Martin in the 1st quarter valued at approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin during the first quarter valued at about $45,000. McIlrath & Eck LLC boosted its position in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares during the period. Finally, Dagco Inc. bought a new position in Lockheed Martin during the 1st quarter valued at approximately $50,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Vertical Research restated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Robert W. Baird reduced their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. UBS Group cut their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, TD Cowen reissued a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of LMT stock opened at $499.18 on Thursday. 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 company has a market capitalization of $116.54 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.76 and a beta of 0.28. The company’s 50-day simple moving average is $452.65 and its two-hundred day simple moving average is $460.30. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95.

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, topping the consensus estimate 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 quarter in the prior year, the company earned $7.11 EPS. The company’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin 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.