Well Done LLC Has $323,000 Position in Lockheed Martin Corporation $LMT

Well Done LLC cut its position in Lockheed Martin Corporation (NYSE:LMT) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 698 shares of the aerospace company’s stock after selling 30 shares during the quarter. Well Done LLC’s holdings in Lockheed Martin were worth $323,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the 1st quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Lockheed Martin during the first quarter worth approximately $45,000. Finally, McIlrath & Eck LLC raised its position in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LMT shares. Bank of America lowered 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. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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. 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 stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Performance

NYSE:LMT opened at $486.23 on Thursday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock’s 50-day simple moving average is $447.91 and its 200 day simple moving average is $459.49. The firm has a market capitalization of $113.52 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping 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 analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the business earned $7.11 earnings per share. 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. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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.