Ameritas Advisory Services LLC Sells 651 Shares of Lockheed Martin Corporation $LMT

Key Points

• Ameritas Advisory Services LLC reduced its stake in Lockheed Martin by 12.7%, selling 651 shares and now holding a total of 4,486 shares valued at approximately $2,078,000.
• Analyst ratings for Lockheed Martin have been mixed, with price targets ranging from $440.00 to $540.00, while the stock holds an average rating of "Hold" and a price target of $494.00.
• Lockheed Martin reported earnings of $7.29 per share for its most recent quarter, exceeding expectations, while generating $18.16 billion in revenue.

Ameritas Advisory Services LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,486 shares of the aerospace company's stock after selling 651 shares during the period. Ameritas Advisory Services LLC's holdings in Lockheed Martin were worth $2,078,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the first quarter worth about $31,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the first quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the first quarter worth approximately $45,000. McIlrath & Eck LLC boosted its holdings in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after acquiring an additional 66 shares during the period. Finally, Dagco Inc. bought a new stake in shares of Lockheed Martin during the first quarter worth approximately $50,000. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LMT shares. Robert W. Baird reduced their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Bank of America reduced their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Royal Bank Of Canada reduced their price objective 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. Finally, Vertical Research restated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. 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. According to MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 1.1%

NYSE LMT opened at $504.69 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a 50 day moving average of $455.88 and a 200-day moving average of $460.77. The company has a market cap of $117.83 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin 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.

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