Janney Montgomery Scott LLC Has $65.84 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Janney Montgomery Scott LLC has increased its stake in Lockheed Martin Corporation by 0.7% during the second quarter, now owning approximately $65.84 million worth of shares.
• Several institutional investors have significantly increased their holdings in Lockheed Martin, highlighting a strong interest in the stock among large funds.
• Analysts have adjusted their price targets for Lockheed Martin, with the consensus rating currently at "Hold" and an average target price of $494.00.

Janney Montgomery Scott LLC lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,168 shares of the aerospace company's stock after acquiring an additional 1,029 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Lockheed Martin worth $65,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $221,790,000. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after buying an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock worth $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after buying an additional 278,121 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LMT shares. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Susquehanna cut their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $499.10 on Wednesday. The stock's 50 day moving average is $451.05 and its 200-day moving average is $460.03. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $116.52 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.73 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during 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%. Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side 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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