111 Capital Invests $2.09 Million in Lockheed Martin Corporation $LMT

111 Capital purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel.com reports. The fund purchased 4,507 shares of the aerospace company’s stock, valued at approximately $2,087,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the 1st quarter valued at approximately $45,000. McIlrath & Eck LLC lifted its stake in Lockheed Martin by 161.0% in 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 lifted its stake in Lockheed Martin by 2,575.0% in 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. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $504.69 on Friday. The company has a fifty day moving average price of $455.88 and a 200-day moving average price of $460.77. The company has a market capitalization of $117.83 billion, a P/E ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-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.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of 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. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. TD Cowen reissued a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Robert W. Baird dropped their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin 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.