Octavia Wealth Advisors LLC Reduces Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Octavia Wealth Advisors LLC has reduced its stake in Lockheed Martin Corporation by 38.3%, now holding 839 shares valued at approximately $388,000.
• Multiple institutional investors, including Magnus Financial Group LLC and Littlejohn Financial Services Inc., have increased their positions in Lockheed Martin during the second quarter.
• Analysts have a consensus rating of "Hold" for Lockheed Martin's stock, with a price target average of $494.00 following recent rating downgrades from various firms.

Octavia Wealth Advisors LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 38.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 839 shares of the aerospace company's stock after selling 520 shares during the quarter. Octavia Wealth Advisors LLC's holdings in Lockheed Martin were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Magnus Financial Group LLC raised its position in Lockheed Martin by 5.9% in the second quarter. Magnus Financial Group LLC now owns 5,415 shares of the aerospace company's stock worth $2,508,000 after acquiring an additional 300 shares during the period. Littlejohn Financial Services Inc. raised its position in Lockheed Martin by 10.8% in the second quarter. Littlejohn Financial Services Inc. now owns 4,941 shares of the aerospace company's stock worth $2,289,000 after acquiring an additional 481 shares during the period. Kennedy Investment Group raised its position in Lockheed Martin by 7.7% in the second quarter. Kennedy Investment Group now owns 641 shares of the aerospace company's stock worth $297,000 after acquiring an additional 46 shares during the period. Plancorp LLC raised its position in Lockheed Martin by 2.6% in the second quarter. Plancorp LLC now owns 912 shares of the aerospace company's stock worth $422,000 after acquiring an additional 23 shares during the period. Finally, BigSur Wealth Management LLC raised its position in Lockheed Martin by 13.2% in the second quarter. BigSur Wealth Management LLC now owns 4,280 shares of the aerospace company's stock worth $1,982,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent analyst reports. TD Cowen restated a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Truist Financial downgraded 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 report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. 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 on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $486.23 on Thursday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $113.52 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.71 and a beta of 0.26. The firm's fifty day moving average is $447.91 and its two-hundred day moving average is $459.49. 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 announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.11 EPS. 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 EPS for the current fiscal 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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