Simplicity Wealth LLC Buys 3,857 Shares of Lockheed Martin Corporation $LMT

Key Points

• Simplicity Wealth LLC increased its holdings in Lockheed Martin Corporation by 75.5%, owning a total of 8,965 shares valued at approximately $4.15 million after purchasing an additional 3,857 shares in Q2.
• Several institutional investors, including Brighton Jones LLC and Vest Financial LLC, have also significantly increased their stakes in Lockheed Martin, reflecting a broader institutional interest in the company's stock.
• Analysts provide mixed ratings for Lockheed Martin, with a consensus rating of "Hold" and an average price target of $494.00, while recent earnings showed a positive EPS growth exceeding analysts' estimates.

Simplicity Wealth LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 75.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,965 shares of the aerospace company's stock after purchasing an additional 3,857 shares during the period. Simplicity Wealth LLC's holdings in Lockheed Martin were worth $4,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LMT. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Vest Financial LLC increased its stake in shares of Lockheed Martin by 68.1% in the 1st quarter. Vest Financial LLC now owns 3,608 shares of the aerospace company's stock valued at $1,612,000 after purchasing an additional 1,462 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of Lockheed Martin by 20.1% in the 1st quarter. Procyon Advisors LLC now owns 5,357 shares of the aerospace company's stock valued at $2,295,000 after purchasing an additional 896 shares during the last quarter. Pines Wealth Management LLC increased its stake in shares of Lockheed Martin by 20.0% in the 1st quarter. Pines Wealth Management LLC now owns 2,324 shares of the aerospace company's stock valued at $1,030,000 after purchasing an additional 388 shares during the last quarter. Finally, Cranbrook Wealth Management LLC increased its stake in shares of Lockheed Martin by 17.5% in the 1st quarter. Cranbrook Wealth Management LLC now owns 235 shares of the aerospace company's stock valued at $105,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMT. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Trading Up 1.1%

NYSE LMT opened at $504.69 on Friday. The business's 50-day moving average price is $455.88 and its two-hundred day moving average price is $460.70. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a market capitalization of $117.82 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

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

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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