Meeder Asset Management Inc. Purchases 11,274 Shares of Lockheed Martin Corporation $LMT

Meeder Asset Management Inc. grew its position in Lockheed Martin Corporation (NYSE:LMTFree Report) by 58.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,607 shares of the aerospace company’s stock after purchasing an additional 11,274 shares during the quarter. Lockheed Martin accounts for approximately 0.9% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Meeder Asset Management Inc.’s holdings in Lockheed Martin were worth $15,279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC lifted its position in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the second quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at $34,000. Finally, MTM Investment Management LLC bought a new stake in Lockheed Martin in the 2nd quarter worth about $36,000. 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:

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. Robert W. Baird raised their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Royal Bank Of Canada raised their price target on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $512.35.

Get Our Latest Stock Report on LMT

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 4.7%

NYSE LMT opened at $542.87 on Monday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $546.07. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $125.62 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.55 and a beta of 0.24. The stock’s 50-day moving average price is $473.83 and its 200-day moving average price is $468.13.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Company 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.

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

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