Financial Partners Group LLC Has $8.16 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Financial Partners Group LLC reduced its stake in Lockheed Martin Corporation by 7.4%, holding 17,616 shares valued at approximately $8.16 million.
• Lockheed Martin reported quarterly earnings of $7.29 EPS, exceeding analyst expectations, with a revenue of $18.16 billion for the quarter.
• Analysts have recently lowered target prices for Lockheed Martin, with the consensus rating now at "Hold" and an average target price of $494.00.

Financial Partners Group LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,616 shares of the aerospace company's stock after selling 1,417 shares during the quarter. Lockheed Martin accounts for approximately 3.0% of Financial Partners Group LLC's investment portfolio, making the stock its 15th largest position. Financial Partners Group LLC's holdings in Lockheed Martin were worth $8,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $45,000. McIlrath & Eck LLC boosted its holdings in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Lockheed Martin in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $487.53 on Friday. The stock has a market capitalization of $113.82 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The stock's 50 day moving average price is $448.68 and its two-hundred day moving average price is $459.65. 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 (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's revenue for the quarter was up .2% compared to the same quarter last year. 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. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on LMT. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Robert W. Baird reduced their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group reduced 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.