Foster Victor Wealth Advisors LLC Increases Holdings in Lockheed Martin Corporation $LMT

Key Points

• Foster Victor Wealth Advisors LLC increased its holdings in Lockheed Martin Corporation by 5.9%, owning a total of 27,255 shares valued at $12,621,000 as of its latest SEC filing.
• Lockheed Martin reported earnings of $7.29 per share for the last quarter, surpassing analysts' expectations of $6.57, with a revenue of $18.16 billion.
• Several analysts downgraded their price targets on Lockheed Martin, with Royal Bank of Canada reducing theirs from $480.00 to $440.00, while the stock has a consensus rating of "Hold" with an average target price of $494.00.

Foster Victor Wealth Advisors LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,255 shares of the aerospace company's stock after buying an additional 1,529 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Lockheed Martin were worth $12,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LMT. OMNI 360 Wealth Inc. boosted its position in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares during the last quarter. 49 Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after buying an additional 22 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after buying an additional 22 shares during the last quarter. Tealwood Asset Management Inc. grew its position in Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Finally, Southland Equity Partners LLC raised its holdings in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after purchasing an additional 23 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

LMT stock opened at $485.99 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The business's fifty day simple moving average is $447.62 and its two-hundred day simple moving average is $459.30. The firm has a market cap of $113.46 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.69 and a beta of 0.26. 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 (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping 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 business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LMT shares. Royal Bank Of Canada lowered their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird cut their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $494.00.

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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