Archford Capital Strategies LLC Cuts Position in Lockheed Martin Corporation $LMT

Key Points

• Archford Capital Strategies LLC reduced its position in Lockheed Martin Corporation by 55.2%, now holding 3,832 shares valued at approximately $1.775 million.
• Lockheed Martin's stock performance has led to varying price targets from analysts, with a consensus average target of $494.00 and ratings ranging from "Strong Buy" to "Hold."
• In the most recent quarter, Lockheed Martin reported an EPS of $7.29, surpassing expectations, but its revenue fell short of analyst estimates at $18.16 billion.

Archford Capital Strategies LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 55.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,832 shares of the aerospace company's stock after selling 4,727 shares during the quarter. Archford Capital Strategies LLC's holdings in Lockheed Martin were worth $1,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the 1st quarter worth $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin during the first quarter worth about $45,000. McIlrath & Eck LLC increased its stake 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 purchasing an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin during the 1st quarter worth about $50,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LMT shares. Royal Bank Of Canada cut their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. TD Cowen reissued a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.7%

Shares of Lockheed Martin stock opened at $487.53 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 52-week low of $410.11 and a 52-week high of $618.95. The company has a market capitalization of $113.82 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.71 and a beta of 0.26. The company has a 50 day moving average of $448.68 and a 200 day moving average of $459.59.

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 for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The business 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% on a year-over-year basis. During the same period last year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.

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