SOA Wealth Advisors LLC. Sells 34 Shares of Lockheed Martin Corporation $LMT

SOA Wealth Advisors LLC. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,178 shares of the aerospace company’s stock after selling 34 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Lockheed Martin were worth $546,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LMT. Founders Capital Management boosted its holdings in shares of Lockheed Martin by 46.9% in the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock valued at $6,747,000 after buying an additional 4,648 shares during the period. Vigilare Wealth Management acquired a new position in Lockheed Martin in the 2nd quarter worth $228,000. QTR Family Wealth LLC increased its holdings in Lockheed Martin by 27.1% during the 2nd quarter. QTR Family Wealth LLC now owns 854 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 182 shares in the last quarter. Trust Co. of Vermont increased its holdings in Lockheed Martin by 1.0% during the 2nd quarter. Trust Co. of Vermont now owns 14,040 shares of the aerospace company’s stock worth $6,502,000 after purchasing an additional 145 shares in the last quarter. Finally, Marino Stram & Associates LLC raised its stake in shares of Lockheed Martin by 1.7% in the 2nd quarter. Marino Stram & Associates LLC now owns 6,784 shares of the aerospace company’s stock valued at $3,142,000 after purchasing an additional 112 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LMT shares. Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Down 0.0%

Lockheed Martin stock opened at $499.18 on Thursday. 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 moving average is $452.65 and its 200-day moving average is $460.30. The firm has a market capitalization of $116.54 billion, a PE ratio of 28.11, a P/E/G ratio of 1.76 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 company had revenue of $18.16 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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.