Lockheed Martin Corporation $LMT Shares Purchased by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC increased its holdings in Lockheed Martin by 108.3% during Q2, now owning 2,175 shares valued at approximately $1,007,000.
• Lockheed Martin's recent earnings report showed an EPS of $7.29, exceeding analyst estimates, but revenue of $18.16 billion fell short of expectations.
• Analysts have mixed ratings for Lockheed Martin, with price targets ranging from $440.00 to $490.00, and an average rating of "Hold."

GC Wealth Management RIA LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 108.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,175 shares of the aerospace company's stock after purchasing an additional 1,131 shares during the period. GC Wealth Management RIA LLC's holdings in Lockheed Martin were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Albion Financial Group UT increased its stake in shares of Lockheed Martin by 0.6% in the second quarter. Albion Financial Group UT now owns 30,293 shares of the aerospace company's stock worth $14,030,000 after buying an additional 190 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Lockheed Martin by 19.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,916 shares of the aerospace company's stock worth $887,000 after acquiring an additional 311 shares in the last quarter. Investment Research & Advisory Group Inc. increased its position in shares of Lockheed Martin by 5.7% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 5,781 shares of the aerospace company's stock worth $2,678,000 after purchasing an additional 311 shares during the last quarter. First County Bank CT bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $228,000. Finally, Investment Advisory Services Inc. TX ADV raised its stake in shares of Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock valued at $225,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LMT shares. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note 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. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $491.75 on Tuesday. The firm's 50 day moving average is $449.28 and its two-hundred day moving average is $459.76. The firm has a market capitalization of $114.80 billion, a P/E ratio of 27.69, a PEG ratio of 1.71 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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 business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the company posted $7.11 EPS. The business'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 anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

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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