Global Assets Advisory LLC Has $1.30 Million Holdings in Lockheed Martin Corporation $LMT

Global Assets Advisory LLC cut its stake in Lockheed Martin Corporation (NYSE:LMT) by 52.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,779 shares of the aerospace company’s stock after selling 3,060 shares during the period. Global Assets Advisory LLC’s holdings in Lockheed Martin were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LMT. Entropy Technologies LP increased its stake in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares during the period. PTM Wealth Management LLC bought a new position in Lockheed Martin in the first quarter valued at about $377,000. First American Bank increased its position in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Empowered Funds LLC raised its holdings in Lockheed Martin by 21.2% during the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after purchasing an additional 2,686 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock 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. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm has a fifty day moving average of $455.88 and a 200-day moving average of $460.66. The firm has a market capitalization of $117.82 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the business posted $7.11 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. TD Cowen reiterated a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Susquehanna cut their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. Finally, Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.