Vicus Capital Increases Stake in Lockheed Martin Corporation $LMT

Vicus Capital boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,647 shares of the aerospace company’s stock after acquiring an additional 186 shares during the quarter. Vicus Capital’s holdings in Lockheed Martin were worth $763,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew 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 valued at $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada grew 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 valued at $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. grew 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 valued at $958,116,000 after purchasing an additional 12,899 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $580,317,000 after purchasing an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. grew 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 valued at $518,937,000 after purchasing an additional 51,522 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $499.18 on Thursday. The stock’s fifty day moving average is $452.65 and its two-hundred day moving average is $460.30. The firm has a market capitalization of $116.54 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. 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 Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the company posted $7.11 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on LMT. UBS Group dropped their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird lowered their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Vertical Research reaffirmed a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $494.00.

About Lockheed Martin

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.