Fishman Jay A Ltd. MI Sells 730 Shares of Lockheed Martin Corporation $LMT

Fishman Jay A Ltd. MI lessened its position in Lockheed Martin Corporation (NYSE:LMT) by 28.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,811 shares of the aerospace company’s stock after selling 730 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Lockheed Martin were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LMT. PUREfi Wealth LLC lifted its stake in Lockheed Martin by 20.0% during the second quarter. PUREfi Wealth LLC now owns 959 shares of the aerospace company’s stock worth $444,000 after purchasing an additional 160 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Lockheed Martin by 7.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 14,982 shares of the aerospace company’s stock worth $6,939,000 after buying an additional 1,008 shares during the last quarter. Joule Financial LLC purchased a new stake in Lockheed Martin in the second quarter worth approximately $220,000. Plimoth Trust Co. LLC grew its position in Lockheed Martin by 5.0% during the second quarter. Plimoth Trust Co. LLC now owns 5,577 shares of the aerospace company’s stock valued at $2,583,000 after acquiring an additional 268 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of Lockheed Martin by 25.2% during the second quarter. DAVENPORT & Co LLC now owns 20,771 shares of the aerospace company’s stock worth $9,618,000 after acquiring an additional 4,179 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LMT shares. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. UBS Group reduced their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Stock Performance

NYSE:LMT opened at $504.69 on Monday. 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 firm’s fifty day simple moving average is $455.88 and its 200 day simple moving average is $460.66. The stock has a market cap of $117.82 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS 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.