Fishman Jay A Ltd. MI Has $839,000 Position in Lockheed Martin Corporation $LMT

Key Points

• Fishman Jay A Ltd. MI has reduced its stake in Lockheed Martin Corporation by 28.7% during the second quarter, now owning 1,811 shares valued at $839,000.
• Major institutional investors have been active with Lockheed Martin, with 74.19% of the stock owned by these investors, including significant increases in holdings by Entropy Technologies LP and others during the first quarter.
• Lockheed Martin's recent quarterly earnings exceeded expectations, reporting $7.29 EPS, while it has set fiscal year 2025 guidance at 21.700-22.000 EPS.

Fishman Jay A Ltd. MI cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 28.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,811 shares of the aerospace company's stock after selling 730 shares during the period. Fishman Jay A Ltd. MI's holdings in Lockheed Martin were worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Entropy Technologies LP boosted its holdings in Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC purchased a new stake in Lockheed Martin in the 1st quarter valued at about $377,000. First American Bank lifted its position in shares of Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after buying an additional 1,327 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock valued at $18,038,000 after acquiring an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after acquiring an additional 2,686 shares during the period. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Trading Up 1.1%

Shares of Lockheed Martin stock opened at $504.69 on Monday. The company's 50-day moving average price is $455.88 and its 200-day moving average price is $460.66. 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 12-month low of $410.11 and a 12-month high of $618.95. The company has a market cap of $117.82 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.

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