Apexium Financial LP Has $443,000 Stock Position in Lockheed Martin Corporation $LMT

Apexium Financial LP raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 957 shares of the aerospace company’s stock after buying an additional 30 shares during the quarter. Apexium Financial LP’s holdings in Lockheed Martin were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Entropy Technologies LP grew its holdings in shares of Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $377,000. First American Bank grew its holdings in shares of Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lockheed Martin by 21.2% during the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after purchasing an additional 2,686 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $504.69 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The company 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. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The business has a 50 day simple moving average of $455.88 and a 200 day simple moving average of $460.70.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the company earned $7.11 EPS. Lockheed Martin’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. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LMT shares. Truist Financial lowered 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. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $494.00.

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.