Keating Investment Counselors Inc. Has $5.30 Million Stock Holdings in Lockheed Martin Corporation $LMT

Keating Investment Counselors Inc. trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 9.4% during the third quarter, Holdings Channel reports. The firm owned 10,608 shares of the aerospace company’s stock after selling 1,100 shares during the quarter. Lockheed Martin makes up approximately 1.5% of Keating Investment Counselors Inc.’s portfolio, making the stock its 17th largest holding. Keating Investment Counselors Inc.’s holdings in Lockheed Martin were worth $5,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Old North State Wealth Management LLC raised its stake in Lockheed Martin by 2.0% in the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after buying an additional 21 shares during the period. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the period. Broadway Wealth Solutions Inc. increased its holdings in shares of Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Lockheed Martin by 1.1% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after acquiring an additional 23 shares during the last quarter. Finally, Pachira Investments Inc. raised its stake in Lockheed Martin by 0.5% in the 2nd quarter. Pachira Investments Inc. now owns 4,838 shares of the aerospace company’s stock valued at $2,241,000 after acquiring an additional 23 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $522.24.

Lockheed Martin Price Performance

NYSE:LMT opened at $557.83 on Wednesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $563.30. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s 50-day simple moving average is $476.55 and its 200 day simple moving average is $469.49. The firm has a market cap of $129.08 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.57 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the previous year, the firm posted $6.84 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.