Lockheed Martin Corporation $LMT Stake Cut by Warner Financial Inc.

Warner Financial Inc. cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 38.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 948 shares of the aerospace company’s stock after selling 600 shares during the quarter. Warner Financial Inc.’s holdings in Lockheed Martin were worth $439,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mattern Capital Management LLC lifted its stake in Lockheed Martin by 1.3% during the second quarter. Mattern Capital Management LLC now owns 20,603 shares of the aerospace company’s stock worth $9,542,000 after purchasing an additional 272 shares during the last quarter. Ashton Thomas Securities LLC lifted its stake in Lockheed Martin by 1.1% during the second quarter. Ashton Thomas Securities LLC now owns 4,935 shares of the aerospace company’s stock worth $2,286,000 after purchasing an additional 52 shares during the last quarter. Hilltop National Bank bought a new position in Lockheed Martin during the second quarter worth $1,158,000. Triad Wealth Partners LLC lifted its stake in Lockheed Martin by 18.2% during the second quarter. Triad Wealth Partners LLC now owns 2,382 shares of the aerospace company’s stock worth $1,103,000 after purchasing an additional 366 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Lockheed Martin by 5.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 213,457 shares of the aerospace company’s stock worth $98,860,000 after purchasing an additional 11,891 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $499.12 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm’s 50-day simple moving average is $454.21 and its 200 day simple moving average is $460.52. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a market cap of $116.52 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.75 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating 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 analysts’ expectations of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The company’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. Equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LMT. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. 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. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Finally, Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $494.00.

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.