Lockheed Martin Corporation $LMT Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 77,633 shares of the aerospace company’s stock after selling 8,133 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lockheed Martin were worth $35,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $45,000. McIlrath & Eck LLC grew its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at about $50,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LMT. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, UBS Group lowered their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. 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. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Trading Up 1.1%

LMT opened at $504.69 on Friday. 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 simple moving average is $455.88 and its two-hundred day simple moving average is $460.77. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a market capitalization of $117.83 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping 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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The business’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. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.