Franklin Street Advisors Inc. NC Sells 1,333 Shares of Lockheed Martin Corporation $LMT

Franklin Street Advisors Inc. NC decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 69.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 590 shares of the aerospace company’s stock after selling 1,333 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Lockheed Martin were worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Entropy Technologies LP grew its holdings in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC bought a new stake in Lockheed Martin in the first quarter valued at $377,000. First American Bank boosted its holdings in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Empowered Funds LLC boosted its holdings in Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after acquiring an additional 2,686 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. UBS Group dropped their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird dropped their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Finally, Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Price Performance

LMT 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 stock has a market capitalization of $117.83 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.76 and a beta of 0.28. The company’s 50-day simple moving average is $455.88 and its two-hundred day simple moving average is $460.77. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. The business’s revenue for the quarter 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, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

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.