Sitrin Capital Management LLC Sells 1,135 Shares of Lockheed Martin Corporation $LMT

Sitrin Capital Management LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,272 shares of the aerospace company’s stock after selling 1,135 shares during the period. Sitrin Capital Management LLC’s holdings in Lockheed Martin were worth $3,831,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Lockheed Martin by 109.4% during the 1st quarter. Pallas Capital Advisors LLC now owns 2,686 shares of the aerospace company’s stock valued at $1,200,000 after purchasing an additional 1,403 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Lockheed Martin by 3.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,833 shares of the aerospace company’s stock valued at $4,839,000 after purchasing an additional 314 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of Lockheed Martin by 239.9% during the 1st quarter. Simplicity Wealth LLC now owns 5,108 shares of the aerospace company’s stock valued at $2,282,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its position in shares of Lockheed Martin by 2.3% during the 1st quarter. Accurate Wealth Management LLC now owns 1,780 shares of the aerospace company’s stock valued at $845,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMT shares. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Susquehanna cut their target price on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $496.88.

Lockheed Martin Stock Performance

Shares of LMT opened at $513.98 on Thursday. The company has a market cap of $119.99 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a 50-day moving average price of $461.48 and a 200-day moving average price of $461.89. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results 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. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share 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.