Pure Financial Advisors LLC Buys 853 Shares of Lockheed Martin Corporation $LMT

Pure Financial Advisors LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,420 shares of the aerospace company’s stock after buying an additional 853 shares during the quarter. Pure Financial Advisors LLC’s holdings in Lockheed Martin were worth $2,510,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LMT. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares in the last quarter. RFG Advisory LLC grew its holdings in Lockheed Martin by 10.0% during the first quarter. RFG Advisory LLC now owns 5,076 shares of the aerospace company’s stock worth $2,267,000 after buying an additional 462 shares in the last quarter. Apella Capital LLC bought a new stake in Lockheed Martin during the first quarter worth $494,000. Portside Wealth Group LLC grew its holdings in Lockheed Martin by 10.9% during the first quarter. Portside Wealth Group LLC now owns 1,652 shares of the aerospace company’s stock worth $803,000 after buying an additional 162 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its position in Lockheed Martin by 3.7% in the first quarter. Naples Global Advisors LLC now owns 13,703 shares of the aerospace company’s stock worth $6,121,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $499.12 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. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The firm has a market cap of $116.52 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.75 and a beta of 0.28. The business’s fifty day moving average is $454.21 and its 200 day moving average is $460.52.

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, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the company posted $7.11 EPS. The firm’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. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. cut their price objective 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. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. One research 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’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target 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.