Lockheed Martin Corporation $LMT Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,765 shares of the aerospace company’s stock after buying an additional 217 shares during the quarter. KPP Advisory Services LLC’s holdings in Lockheed Martin were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. Vest Financial LLC increased its position in shares of Lockheed Martin by 68.1% during the first quarter. Vest Financial LLC now owns 3,608 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 1,462 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Lockheed Martin by 11.3% during the first quarter. Gateway Investment Advisers LLC now owns 3,805 shares of the aerospace company’s stock worth $1,700,000 after purchasing an additional 386 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Lockheed Martin by 56.4% in the 1st quarter. Sivia Capital Partners LLC now owns 923 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 333 shares during the last quarter. Finally, Perennial Advisors LLC purchased a new position in Lockheed Martin in the 1st quarter valued at $226,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LMT shares. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Bank of America cut their price objective 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. Royal Bank Of Canada decreased their target price 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. 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 given a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Performance

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

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