Armstrong Fleming & Moore Inc Takes $225,000 Position in Lockheed Martin Corporation $LMT

Armstrong Fleming & Moore Inc acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 486 shares of the aerospace company’s stock, valued at approximately $225,000.

A number of other large investors have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin in the first quarter worth about $45,000. McIlrath & Eck LLC increased its stake in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 66 shares in the last quarter. Finally, Creative Capital Management Investments LLC increased its stake in shares of Lockheed Martin by 2,575.0% in the second quarter. Creative Capital Management Investments LLC now owns 107 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. 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 research report on Thursday, August 21st. Royal Bank Of Canada cut 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 report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Susquehanna cut their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” 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 issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $496.88.

Lockheed Martin Stock Up 0.6%

Shares of NYSE LMT opened at $513.98 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a market capitalization of $119.99 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.28. The firm has a fifty day simple moving average of $461.48 and a two-hundred day simple moving average of $461.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the business earned $7.11 EPS. 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. Equities analysts expect 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.