Kennebec Savings Bank Has $630,000 Stock Holdings in Lockheed Martin Corporation $LMT

Kennebec Savings Bank decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,360 shares of the aerospace company’s stock after selling 60 shares during the period. Kennebec Savings Bank’s holdings in Lockheed Martin were worth $630,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. J2 Capital Management Inc increased its position in shares of Lockheed Martin by 21.0% during the 2nd quarter. J2 Capital Management Inc now owns 1,229 shares of the aerospace company’s stock worth $569,000 after purchasing an additional 213 shares in the last quarter. DMKC Advisory Services LLC boosted its stake in shares of Lockheed Martin by 12.4% in the 2nd quarter. DMKC Advisory Services LLC now owns 4,416 shares of the aerospace company’s stock valued at $2,072,000 after purchasing an additional 486 shares during the last quarter. McGuire Investment Group LLC boosted its stake in shares of Lockheed Martin by 2.1% in the 2nd quarter. McGuire Investment Group LLC now owns 9,421 shares of the aerospace company’s stock valued at $4,363,000 after purchasing an additional 194 shares during the last quarter. Vicus Capital raised its position in shares of Lockheed Martin by 12.7% in the 2nd quarter. Vicus Capital now owns 1,647 shares of the aerospace company’s stock valued at $763,000 after acquiring an additional 186 shares during the period. Finally, Gold Investment Management Ltd. raised its position in shares of Lockheed Martin by 5.7% in the 2nd quarter. Gold Investment Management Ltd. now owns 9,427 shares of the aerospace company’s stock valued at $4,384,000 after acquiring an additional 507 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Trading Down 0.0%

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 fifty day moving average price of $452.65 and a two-hundred day moving average price of $460.30. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. 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.