Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 355 Shares of Lockheed Martin Corporation $LMT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Lockheed Martin Corporation (NYSE:LMT) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,051 shares of the aerospace company’s stock after acquiring an additional 355 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lockheed Martin were worth $5,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC increased its stake in Lockheed Martin by 132.5% in the 2nd quarter. HighMark Wealth Management LLC now owns 186 shares of the aerospace company’s stock worth $86,000 after acquiring an additional 106 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its stake in Lockheed Martin by 23,900.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 240 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 239 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in Lockheed Martin by 2.7% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 14,535 shares of the aerospace company’s stock worth $6,732,000 after acquiring an additional 382 shares during the last quarter. Mattern Capital Management LLC increased its stake in Lockheed Martin by 1.3% in the 2nd quarter. Mattern Capital Management LLC now owns 20,603 shares of the aerospace company’s stock worth $9,542,000 after acquiring an additional 272 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its stake in Lockheed Martin by 1.1% in the 2nd quarter. Ashton Thomas Securities LLC now owns 4,935 shares of the aerospace company’s stock worth $2,286,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.0%

Shares of NYSE:LMT opened at $499.12 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The stock has a market cap of $116.52 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. The business’s 50 day moving average is $454.21 and its 200 day moving average is $460.52. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

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, 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 company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 earnings per share. Lockheed Martin’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LMT. UBS Group reduced their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective 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. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One investment 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. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price 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.