Lighthouse Financial Services Inc. ADV Acquires Shares of 2,089 Lockheed Martin Corporation $LMT

Lighthouse Financial Services Inc. ADV purchased a new position in Lockheed Martin Corporation (NYSE:LMTFree Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,089 shares of the aerospace company’s stock, valued at approximately $1,010,000.

A number of other hedge funds have also bought and sold shares of LMT. Brighton Jones LLC raised its position in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. boosted its stake in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after acquiring an additional 595 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after acquiring an additional 13,300 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Stock Down 1.1%

Shares of NYSE:LMT opened at $506.79 on Friday. The stock has a market cap of $116.85 billion, a P/E ratio of 24.54, a PEG ratio of 0.93 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The business has a fifty day moving average of $608.10 and a two-hundred day moving average of $554.07.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the company posted $7.28 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their target price on Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 21st. BNP Paribas Exane lowered their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. UBS Group lifted their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $628.63.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Profile

(Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

See Also

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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