Lockheed Martin Corporation $LMT Shares Sold by Michels Family Financial LLC

Key Points

• Michels Family Financial LLC reduced its stake in Lockheed Martin by 45.4%, now holding a total of 855 shares valued at approximately $396,000.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, exceeding estimates, while revenues reached $18.16 billion, slightly below the consensus forecast.
• Several analysts have downgraded their ratings for Lockheed Martin, with JPMorgan Chase lowering its price target from $520 to $465 and Truist Financial cutting theirs from $554 to $440.

Michels Family Financial LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 45.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 855 shares of the aerospace company's stock after selling 711 shares during the period. Michels Family Financial LLC's holdings in Lockheed Martin were worth $396,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Versant Capital Management Inc grew its holdings in Lockheed Martin by 219.1% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the aerospace company's stock valued at $336,000 after buying an additional 517 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Lockheed Martin by 11.1% during the first quarter. Central Pacific Bank Trust Division now owns 630 shares of the aerospace company's stock worth $281,000 after buying an additional 63 shares in the last quarter. Moody National Bank Trust Division increased its position in Lockheed Martin by 31.1% during the first quarter. Moody National Bank Trust Division now owns 868 shares of the aerospace company's stock worth $388,000 after buying an additional 206 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in shares of Lockheed Martin by 9.1% in the first quarter. Quent Capital LLC now owns 1,004 shares of the aerospace company's stock worth $449,000 after acquiring an additional 84 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7%

NYSE LMT opened at $487.53 on Friday. The firm has a market capitalization of $113.82 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26. 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 Corporation has a one year low of $410.11 and a one year high of $618.95. The company's 50 day moving average price is $448.68 and its 200 day moving average price is $459.65.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. TD Cowen restated a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

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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