Lockheed Martin Corporation $LMT Shares Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,719 shares of the aerospace company’s stock after acquiring an additional 362 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Lockheed Martin were worth $4,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Entropy Technologies LP raised its holdings in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new position in Lockheed Martin during the first quarter worth $377,000. First American Bank raised its holdings in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Empowered Funds LLC raised its holdings in Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its holdings in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after purchasing an additional 2,686 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research reissued a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Saturday, September 27th. Finally, UBS Group dropped their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $504.69 on Friday. 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 stock has a fifty day moving average of $455.88 and a two-hundred day moving average of $460.77. The company has a market capitalization of $117.83 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.11 earnings per share. 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.