O Keefe Stevens Advisory Inc. Purchases 333 Shares of Lockheed Martin Corporation $LMT

O Keefe Stevens Advisory Inc. grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 21.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,890 shares of the aerospace company’s stock after acquiring an additional 333 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Lockheed Martin were worth $876,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Accel Wealth Management raised its holdings in Lockheed Martin by 28.9% during the 2nd quarter. Accel Wealth Management now owns 1,448 shares of the aerospace company’s stock worth $671,000 after purchasing an additional 325 shares during the last quarter. Apexium Financial LP raised its holdings in Lockheed Martin by 3.2% during the 2nd quarter. Apexium Financial LP now owns 957 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 30 shares during the last quarter. Quent Capital LLC raised its holdings in Lockheed Martin by 9.7% during the 2nd quarter. Quent Capital LLC now owns 1,101 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 97 shares during the last quarter. 111 Capital bought a new position in Lockheed Martin during the 2nd quarter worth approximately $2,087,000. Finally, Precedent Wealth Partners LLC raised its holdings in Lockheed Martin by 9.4% during the 2nd quarter. Precedent Wealth Partners LLC now owns 3,651 shares of the aerospace company’s stock worth $1,691,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMT. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Robert W. Baird lowered their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $504.69 on Friday. The firm has a market capitalization of $117.82 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The firm has a fifty day simple moving average of $455.88 and a two-hundred day simple moving average of $460.70. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates 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 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts forecast 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.