NBT Bank N A NY Decreases Stock Holdings in Lockheed Martin Corporation $LMT

NBT Bank N A NY decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,277 shares of the aerospace company’s stock after selling 336 shares during the quarter. NBT Bank N A NY’s holdings in Lockheed Martin were worth $4,297,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at about $45,000. McIlrath & Eck LLC increased its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Finally, Creative Capital Management Investments LLC increased its position in shares of Lockheed Martin by 2,575.0% during the 2nd quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.6%

LMT stock opened at $511.28 on Wednesday. The firm has a fifty day moving average price of $459.57 and a 200 day moving average price of $461.53. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a market cap of $119.36 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.81 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the firm posted $7.11 earnings per share. Lockheed Martin’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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LMT. Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Royal Bank Of Canada dropped their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Finally, Vertical Research reaffirmed a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $497.13.

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.