Asset Planning Services Inc. LA ADV Sells 120 Shares of Lockheed Martin Corporation $LMT

Asset Planning Services Inc. LA ADV lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,155 shares of the aerospace company’s stock after selling 120 shares during the period. Lockheed Martin comprises approximately 3.4% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 9th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Lockheed Martin were worth $7,482,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. 49 Wealth Management LLC increased its stake in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after buying an additional 22 shares during the period. OMNI 360 Wealth Inc. increased its stake in shares of Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its position in Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its stake in Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.1%

LMT stock opened at $504.69 on Monday. The stock 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. The company has a 50-day moving average of $455.88 and a two-hundred day moving average of $460.66. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. 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 (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the firm earned $7.11 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. TD Cowen reiterated a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus 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.