Relyea Zuckerberg Hanson LLC Has $252,000 Holdings in Lockheed Martin Corporation $LMT

Relyea Zuckerberg Hanson LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 543 shares of the aerospace company’s stock after selling 25 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Lockheed Martin were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the 1st quarter worth $45,000. McIlrath & Eck LLC grew its stake in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares during the last quarter. Finally, Dagco Inc. bought a new position in Lockheed Martin in the 1st quarter worth $50,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT opened at $514.46 on Tuesday. The stock’s 50 day simple moving average is $457.74 and its 200-day simple moving average is $461.18. 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 stock has a market cap of $120.11 billion, a PE ratio of 28.97, a P/E/G ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the company posted $7.11 EPS. The business’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $497.13.

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.