Lockheed Martin Corporation $LMT Shares Bought by TCI Wealth Advisors Inc.

Key Points

• TCI Wealth Advisors Inc. increased its stake in Lockheed Martin by 53.8% during the second quarter, owning 2,301 shares valued at approximately $1,066,000.
• Several institutional investors have significantly raised their holdings in Lockheed Martin, with Entropy Technologies LP increasing its stake by 410.2% in the first quarter alone.
• Analysts have issued mixed ratings on Lockheed Martin, with a consensus rating of "Hold" and a target price averaging $494.00.

TCI Wealth Advisors Inc. raised its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 53.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,301 shares of the aerospace company's stock after acquiring an additional 805 shares during the period. TCI Wealth Advisors Inc.'s holdings in Lockheed Martin were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LMT. Entropy Technologies LP raised its holdings in shares of Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after buying an additional 14,171 shares during the last quarter. PTM Wealth Management LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $377,000. First American Bank raised its holdings in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after buying an additional 1,327 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock valued at $18,038,000 after buying an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of 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 valued at $7,652,000 after buying an additional 2,686 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMT. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and cut their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Vertical Research reissued a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $484.75 on Friday. The stock has a market cap of $113.17 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock's 50 day moving average price is $448.21 and its 200 day moving average price is $459.53. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

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

About Lockheed Martin

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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