Mirae Asset Global Investments Co. Ltd. Purchases 11,891 Shares of Lockheed Martin Corporation $LMT

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its ownership in Lockheed Martin by 5.9%, acquiring 11,891 shares during the second quarter, bringing its total to 213,457 shares valued at $98.86 million.
• Lockheed Martin reported an EPS of $7.29 for the last quarter, surpassing estimates of $6.57, with revenue reaching $18.16 billion, slightly below analyst expectations.
• Analysts currently rate Lockheed Martin's stock with a consensus of "Hold", with a price target averaging $494.00 following recent downgrades from "buy" ratings.

Mirae Asset Global Investments Co. Ltd. grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,457 shares of the aerospace company's stock after acquiring an additional 11,891 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Lockheed Martin worth $98,860,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. 49 Wealth Management LLC raised its stake in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. increased its holdings in shares of Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in shares of Lockheed Martin by 3.3% in the first 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 in the last quarter. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Lockheed Martin by 4.7% in the second 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. Finally, Broadway Wealth Solutions Inc. increased its holdings in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LMT shares. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Price Performance

LMT opened at $499.12 on Friday. The company has a fifty day moving average price of $454.21 and a two-hundred day moving average price of $460.52. 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 52 week low of $410.11 and a 52 week high of $618.95. The firm has a market capitalization of $116.52 billion, a PE ratio of 28.10, a P/E/G ratio of 1.75 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. The business'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. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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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