Hudson Edge Investment Partners Inc. Grows Stock Holdings in Lockheed Martin Corporation $LMT

Hudson Edge Investment Partners Inc. boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 14,535 shares of the aerospace company’s stock after purchasing an additional 382 shares during the quarter. Lockheed Martin comprises about 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 20th biggest position. Hudson Edge Investment Partners Inc.’s holdings in Lockheed Martin were worth $6,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Entropy Technologies LP boosted its position in Lockheed Martin by 410.2% in 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 last quarter. PTM Wealth Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth approximately $377,000. First American Bank grew its position in Lockheed Martin by 18.8% during the first 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 period. Empowered Funds LLC increased its holdings in Lockheed Martin by 21.2% during the first 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 first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after acquiring an additional 2,686 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Finally, TD Cowen reiterated a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Trading Up 0.0%

LMT stock opened at $499.12 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The business has a 50 day simple moving average of $454.21 and a two-hundred day simple moving average of $460.52. The company has a market capitalization of $116.52 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.75 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter last year, the business posted $7.11 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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.