Joule Financial LLC Makes New $220,000 Investment in Lockheed Martin Corporation $LMT

Joule Financial LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 476 shares of the aerospace company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. grew its stake in shares of Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Royal Bank of Canada boosted its holdings in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares during the period. Invesco Ltd. grew its position in Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock worth $958,116,000 after acquiring an additional 12,899 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after acquiring an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Lockheed Martin by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after purchasing an additional 51,522 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $504.69 on Monday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm has a 50-day moving average of $455.88 and a 200 day moving average of $460.66. The company has a market cap of $117.82 billion, a P/E ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. UBS Group cut their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Vertical Research restated a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, TD Cowen restated a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $494.00.

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.