Lockheed Martin Corporation $LMT Stake Increased by Emerald Advisors LLC

Emerald Advisors LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,511 shares of the aerospace company’s stock after buying an additional 252 shares during the period. Emerald Advisors LLC’s holdings in Lockheed Martin were worth $1,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada boosted its holdings in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. boosted its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock worth $958,116,000 after purchasing an additional 12,899 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after purchasing an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after purchasing an additional 51,522 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America decreased their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Vertical Research reaffirmed a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, TD Cowen reissued a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report 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 company has a consensus rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of LMT opened at $491.75 on Tuesday. The company has a market cap of $114.80 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. The firm has a fifty day moving average of $449.28 and a 200-day moving average of $459.76. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.11 earnings per share. 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 earnings per share for the current year.

Lockheed Martin Company 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.