Park Place Capital Corp Has $191,000 Stock Position in Lockheed Martin Corporation $LMT

Park Place Capital Corp reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 19.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 410 shares of the aerospace company’s stock after selling 97 shares during the period. Park Place Capital Corp’s holdings in Lockheed Martin were worth $191,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the first quarter worth $45,000. McIlrath & Eck LLC increased its position in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of Lockheed Martin during the first quarter worth $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.4%

LMT opened at $499.10 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The company’s 50-day moving average is $451.05 and its 200 day moving average is $460.03. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a market capitalization of $116.52 billion, a P/E ratio of 28.10, a PEG ratio of 1.73 and a beta of 0.26.

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

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Royal Bank Of Canada decreased 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. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin 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.