Lockheed Martin Corporation $LMT Shares Bought by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 23.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 973 shares of the aerospace company’s stock after buying an additional 187 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in Lockheed Martin were worth $451,000 as of its most recent filing with the SEC.

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

Lockheed Martin Stock Performance

NYSE:LMT opened at $504.69 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $117.82 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The firm has a 50-day moving average price of $455.88 and a two-hundred day moving average price of $460.70. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the business earned $7.11 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LMT. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $494.00.

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.