711 Shares in Lockheed Martin Corporation $LMT Purchased by Destiny Wealth Partners LLC

Key Points

• Destiny Wealth Partners LLC acquired 711 shares of Lockheed Martin Corporation, valued at approximately $329,000, during the second quarter.
• Lockheed Martin's recent quarterly earnings report showed $7.29 EPS, exceeding the consensus estimate of $6.57, with a revenue of $18.16 billion.
• Institutional investors own 74.19% of Lockheed Martin's stock, indicating strong interest and investment in the aerospace company.

Destiny Wealth Partners LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 711 shares of the aerospace company's stock, valued at approximately $329,000.

A number of other institutional investors have also made changes to their positions in LMT. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 7.5% during 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 period. Royal Bank of Canada grew its position in Lockheed Martin by 1.4% in 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 purchasing an additional 31,443 shares during the last quarter. Invesco Ltd. boosted its position in shares of Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after buying an additional 12,899 shares during the period. GAMMA Investing LLC increased its position in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT opened at $484.75 on Friday. The firm has a market capitalization of $113.17 billion, a P/E ratio of 27.29, a PEG ratio of 1.71 and a beta of 0.26. The stock has a fifty day moving average of $448.21 and a 200-day moving average of $459.53. 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price objective 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. Vertical Research reiterated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird dropped their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Susquehanna decreased their target price on 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 fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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