Lockheed Martin Corporation $LMT Shares Acquired by Jackson Wealth Management LLC

Jackson Wealth Management LLC increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,722 shares of the aerospace company’s stock after acquiring an additional 85 shares during the quarter. Jackson Wealth Management LLC’s holdings in Lockheed Martin were worth $4,503,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Stock Yards Bank & Trust Co. lifted its stake in shares of Lockheed Martin by 3.5% in the second quarter. Stock Yards Bank & Trust Co. now owns 10,719 shares of the aerospace company’s stock worth $4,964,000 after acquiring an additional 362 shares in the last quarter. Ascent Group LLC raised its stake in Lockheed Martin by 12.0% during the second quarter. Ascent Group LLC now owns 9,510 shares of the aerospace company’s stock valued at $4,405,000 after buying an additional 1,021 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in Lockheed Martin by 2,575.0% during the second quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock valued at $50,000 after buying an additional 103 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Lockheed Martin by 3.0% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,051 shares of the aerospace company’s stock valued at $5,581,000 after buying an additional 355 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its stake in Lockheed Martin by 132.5% during the second quarter. HighMark Wealth Management LLC now owns 186 shares of the aerospace company’s stock valued at $86,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Bank of America cut their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. cut 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. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Up 1.1%

NYSE:LMT opened at $504.69 on Friday. The firm has a market capitalization of $117.83 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The stock has a 50 day moving average of $455.88 and a 200-day moving average of $460.77. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. 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 (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the company posted $7.11 EPS. The business’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. Analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

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.