Lockheed Martin Corporation $LMT Shares Sold by Augustine Asset Management Inc.

Key Points

• Augustine Asset Management Inc. reduced its holdings in Lockheed Martin by 25.4%, owning 4,299 shares valued at nearly $2 million after selling 1,461 shares in the second quarter.
• Lockheed Martin's recent quarterly earnings report showed an EPS of $7.29, which beat expectations but surpassed a revenue consensus of $18.59 billion by reporting $18.16 billion.
• Analysts have adjusted their price targets for Lockheed Martin, with UBS Group lowering its target from $498 to $453 and Royal Bank of Canada from $480 to $440, reflecting a mix of ratings.

Augustine Asset Management Inc. trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 25.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,299 shares of the aerospace company's stock after selling 1,461 shares during the quarter. Augustine Asset Management Inc.'s holdings in Lockheed Martin were worth $1,991,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 49 Wealth Management LLC raised its position in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after purchasing an additional 22 shares during the period. OMNI 360 Wealth Inc. increased its stake in Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the period. Tyler Stone Wealth Management grew its stake in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares during the period. Tealwood Asset Management Inc. grew its position in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after acquiring an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC boosted its position in shares of Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after purchasing an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LMT. Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird decreased their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, TD Cowen reaffirmed a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Stock Performance

Shares of LMT opened at $487.53 on Friday. The stock has a market capitalization of $113.82 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.70 and a beta of 0.26. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company's fifty day moving average is $448.68 and its two-hundred day moving average is $459.66. 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 posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the company posted $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, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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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