Secured Retirement Advisors LLC Sells 36 Shares of Lockheed Martin Corporation $LMT

Secured Retirement Advisors LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 5.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 570 shares of the aerospace company’s stock after selling 36 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Lockheed Martin were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. boosted its position in shares of Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares during the period. Dimensional Fund Advisors LP lifted its position in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after acquiring an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.6%

Shares of NYSE LMT opened at $511.28 on Wednesday. The company’s fifty day moving average is $459.57 and its 200-day moving average is $461.53. The stock has a market cap of $119.36 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.81 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. 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 (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 the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for 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%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. UBS Group dropped their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. 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 stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus price target of $497.13.

Lockheed Martin Company 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.