Woodward Diversified Capital LLC Boosts Stake in Lockheed Martin Corporation $LMT

Woodward Diversified Capital LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 75.2% in the second quarter, Holdings Channel reports. The firm owned 1,037 shares of the aerospace company’s stock after purchasing an additional 445 shares during the period. Woodward Diversified Capital LLC’s holdings in Lockheed Martin were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the first quarter worth approximately $31,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin during the 1st quarter worth $45,000. McIlrath & Eck LLC boosted its position in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 66 shares during the period. Finally, Dagco Inc. purchased a new stake in shares of Lockheed Martin in the first quarter worth about $50,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LMT. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Vertical Research restated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, Bank of America decreased their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Down 0.0%

Shares of Lockheed Martin stock opened at $499.18 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The business’s fifty day moving average price is $452.65 and its two-hundred day moving average price is $460.30. 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 $116.54 billion, a P/E ratio of 28.11, a PEG ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The company’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. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

About Lockheed Martin

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.