Sterling Investment Advisors Ltd. Purchases 1,378 Shares of Lockheed Martin Corporation $LMT

Key Points

• Sterling Investment Advisors Ltd. increased its position in Lockheed Martin Corporation by 10.4%, acquiring an additional 1,378 shares, bringing its total to 14,682 shares valued at $6.8 million.
• Several hedge funds have also adjusted their stakes in Lockheed Martin, with institutional investors now owning 74.19% of the company's stock.
• Analysts have recently downgraded Lockheed Martin's stock ratings while one analyst upgraded it, resulting in an average rating of "Hold" and a price target of $494.00.

Sterling Investment Advisors Ltd. grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,682 shares of the aerospace company's stock after acquiring an additional 1,378 shares during the period. Lockheed Martin accounts for 1.5% of Sterling Investment Advisors Ltd.'s portfolio, making the stock its 20th largest holding. Sterling Investment Advisors Ltd.'s holdings in Lockheed Martin were worth $6,800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 49 Wealth Management LLC boosted its position in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying 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 worth $408,000 after acquiring an additional 22 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after buying an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV increased its position in shares of Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock worth $225,000 after acquiring an additional 22 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after purchasing an additional 23 shares during the period. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. Royal Bank Of Canada lowered 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 report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.9%

Shares of NYSE:LMT opened at $491.75 on Tuesday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a fifty day moving average of $449.28 and a 200-day moving average of $459.76. 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 capitalization of $114.80 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

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