RMG Wealth Management LLC Purchases Shares of 3,393 Lockheed Martin Corporation $LMT

Key Points

• RMG Wealth Management LLC purchased 3,393 shares of Lockheed Martin Corporation during the 2nd quarter, valued at approximately $1,576,000, making it the fund's 14th largest position.
• Lockheed Martin reported $7.29 EPS for the quarter, exceeding analysts' expectations of $6.57, while also generating $18.16 billion in revenue.
• Institutional investors own 74.19% of Lockheed Martin's stock, highlighting significant interest from larger investment firms in the aerospace company.

RMG Wealth Management LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,393 shares of the aerospace company's stock, valued at approximately $1,576,000. Lockheed Martin comprises approximately 0.2% of RMG Wealth Management LLC's investment portfolio, making the stock its 14th largest position.

Other large investors also recently modified their holdings of the company. Trueblood Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 3.8% during the 2nd quarter. Trueblood Wealth Management LLC now owns 1,471 shares of the aerospace company's stock worth $681,000 after buying an additional 54 shares during the period. Seamount Financial Group Inc. acquired a new stake in Lockheed Martin during the second quarter worth approximately $207,000. Mraz Amerine & Associates Inc. boosted its holdings in shares of Lockheed Martin by 11.1% during the second quarter. Mraz Amerine & Associates Inc. now owns 949 shares of the aerospace company's stock worth $440,000 after acquiring an additional 95 shares during the period. Motiv8 Investments LLC boosted its holdings in shares of Lockheed Martin by 12.1% during the second quarter. Motiv8 Investments LLC now owns 2,574 shares of the aerospace company's stock worth $1,192,000 after acquiring an additional 277 shares during the period. Finally, KPP Advisory Services LLC grew its position in shares of Lockheed Martin by 8.5% in the second quarter. KPP Advisory Services LLC now owns 2,765 shares of the aerospace company's stock valued at $1,281,000 after purchasing an additional 217 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $514.46 on Tuesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock's 50-day simple moving average is $457.74 and its 200 day simple moving average is $461.18. The firm has a market capitalization of $120.11 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LMT shares. UBS Group dropped their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report 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. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. TD Cowen restated a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and a consensus target price of $497.13.

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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