Kingswood Wealth Advisors LLC Has $3.83 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Kingswood Wealth Advisors LLC significantly reduced its stake in Lockheed Martin Corporation by 63%, holding 8,275 shares worth approximately $3.83 million.
• Lockheed Martin's latest earnings report revealed $7.29 earnings per share, exceeding analyst expectations, with a revenue of $18.16 billion for the quarter.
• Recent analyst ratings have seen targets for Lockheed Martin’s stock price decrease, with firms like JPMorgan Chase lowering their target from $520.00 to $465.00.

Kingswood Wealth Advisors LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 63.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,275 shares of the aerospace company's stock after selling 14,091 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Lockheed Martin were worth $3,832,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth about $31,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the 1st quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter worth approximately $45,000. McIlrath & Eck LLC grew its stake in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after acquiring an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $50,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 2.0%

Shares of LMT opened at $514.46 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm has a market cap of $120.11 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The firm's 50-day simple moving average is $457.74 and its 200 day simple moving average is $461.18. 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 announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last 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, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. UBS Group dropped 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. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average price target of $497.13.

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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