Pure Portfolios Holdings LLC Has $493,000 Stock Holdings in Lockheed Martin Corporation $LMT

Pure Portfolios Holdings LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,064 shares of the aerospace company’s stock after selling 105 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in Lockheed Martin were worth $493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OMNI 360 Wealth Inc. lifted its position in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 22 shares during the period. 49 Wealth Management LLC increased its stake in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its stake in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after buying an additional 22 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. grew its stake in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $511.28 on Wednesday. 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 one year low of $410.11 and a one year high of $618.95. The firm has a market cap of $119.36 billion, a PE ratio of 28.79, a PEG ratio of 1.81 and a beta of 0.28. The firm has a fifty day moving average of $459.57 and a 200 day moving average of $461.53.

Lockheed Martin (NYSE:LMT) last announced 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. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.11 earnings per share. 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 fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on LMT shares. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Robert W. Baird increased their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Saturday, September 27th. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $497.13.

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.