Valmark Advisers Inc. Boosts Holdings in Lockheed Martin Corporation $LMT

Valmark Advisers Inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,930 shares of the aerospace company’s stock after acquiring an additional 41 shares during the period. Valmark Advisers Inc.’s holdings in Lockheed Martin were worth $1,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Hall Capital Management Co. Inc. boosted its holdings in shares of Lockheed Martin by 1.8% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 6,155 shares of the aerospace company’s stock valued at $2,851,000 after buying an additional 106 shares in the last quarter. Traphagen Investment Advisors LLC raised its position in Lockheed Martin by 4.7% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 2,225 shares of the aerospace company’s stock worth $1,030,000 after buying an additional 100 shares during the last quarter. Winthrop Advisory Group LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $970,000. REAP Financial Group LLC increased its position in shares of Lockheed Martin by 67.1% during the 2nd quarter. REAP Financial Group LLC now owns 142 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 57 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $304,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.6%

Shares of LMT opened at $513.98 on Thursday. 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 company has a 50 day simple moving average of $461.48 and a two-hundred day simple moving average of $461.89. The firm has a market cap of $119.99 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 1.80 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business 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%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Royal Bank Of Canada cut their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $496.88.

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.