Lockheed Martin Corporation $LMT Stock Holdings Lowered by Journey Beyond Wealth LLC

Journey Beyond Wealth LLC lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 924 shares of the aerospace company’s stock after selling 31 shares during the period. Lockheed Martin accounts for 0.4% of Journey Beyond Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Journey Beyond Wealth LLC’s holdings in Lockheed Martin were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada lifted its holdings in Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares during the last quarter. Invesco Ltd. lifted its holdings in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after acquiring an additional 12,899 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after acquiring an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after buying an additional 51,522 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LMT shares. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Saturday, September 27th. TD Cowen restated a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Royal Bank Of Canada dropped their target price on 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 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. Finally, Robert W. Baird dropped their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” 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 assigned a Hold rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Stock Up 1.1%

LMT opened at $504.69 on Friday. The stock has a market capitalization of $117.83 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.76 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The business has a 50 day moving average of $455.88 and a 200-day moving average of $460.77. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the company posted $7.11 earnings per share. 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, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share 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.