Accel Wealth Management Grows Stock Position in Lockheed Martin Corporation $LMT

Accel Wealth Management lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 28.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,448 shares of the aerospace company’s stock after purchasing an additional 325 shares during the quarter. Accel Wealth Management’s holdings in Lockheed Martin were worth $671,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LMT. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Vest Financial LLC raised its stake 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 during the last quarter. Procyon Advisors LLC raised its stake in shares of Lockheed Martin by 20.1% during the first quarter. Procyon Advisors LLC now owns 5,357 shares of the aerospace company’s stock worth $2,295,000 after purchasing an additional 896 shares during the last quarter. Pines Wealth Management LLC raised its stake in shares of Lockheed Martin by 20.0% during the first quarter. Pines Wealth Management LLC now owns 2,324 shares of the aerospace company’s stock worth $1,030,000 after purchasing an additional 388 shares during the last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in Lockheed Martin by 17.5% during the first quarter. Cranbrook Wealth Management LLC now owns 235 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1%

Lockheed Martin stock opened at $504.69 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a market capitalization of $117.82 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock’s fifty day moving average is $455.88 and its two-hundred day moving average is $460.70.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on LMT. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Vertical Research reaffirmed a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Bank of America dropped their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. One 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.com, the company currently has a consensus rating of “Hold” and an average target price of $494.00.

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.