Lockheed Martin Corporation $LMT Shares Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC increased its position in Lockheed Martin by 82.8% in the second quarter, now holding 3,463 shares valued at approximately $1.6 million.
• Multiple institutional investors, including Charles Schwab and T. Rowe Price, have boosted their stakes in Lockheed Martin, which currently has 74.19% of its stock owned by institutional investors.
• Lockheed Martin's recent earnings report revealed an EPS of $7.29, surpassing estimates, despite a revenue of $18.16 billion that fell short of expectations.

Leo Wealth LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 82.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,463 shares of the aerospace company's stock after acquiring an additional 1,569 shares during the quarter. Leo Wealth LLC's holdings in Lockheed Martin were worth $1,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. boosted its position 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 valued at $3,587,444,000 after purchasing an additional 560,457 shares during the period. Nuveen LLC acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $221,790,000. AQR Capital Management LLC boosted its position in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after purchasing an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after purchasing an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Lockheed Martin by 59.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after purchasing an additional 278,121 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. 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 note on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Lockheed Martin in a research note on Wednesday. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $496.88.

Lockheed Martin Stock Up 0.6%

LMT opened at $513.98 on Thursday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock's fifty day moving average is $461.48 and its 200-day moving average is $461.89. The company has a market capitalization of $119.99 billion, a PE ratio of 28.94, a P/E/G ratio of 1.80 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. 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 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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