Synergy Asset Management LLC Has $3.40 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Synergy Asset Management LLC reduced its stake in Lockheed Martin Corporation by 22.2%, holding 7,332 shares valued at approximately $3.4 million at the end of the second quarter.
• Multiple institutional investors have adjusted their stakes in Lockheed Martin, with an average of 74.19% of the company's stock owned by institutional investors and hedge funds.
• Analysts have varied views on Lockheed Martin, with one upgrade to "Hold" from Cowen and several price target reductions, bringing the average target price to $494.00 amidst overall ratings reflecting a consensus of "Hold."

Synergy Asset Management LLC trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 22.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,332 shares of the aerospace company's stock after selling 2,089 shares during the quarter. Synergy Asset Management LLC's holdings in Lockheed Martin were worth $3,396,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LMT. 49 Wealth Management LLC raised its stake in shares of Lockheed Martin by 3.4% during 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. raised its stake in shares of Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management raised its stake in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake 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 valued at $225,000 after acquiring an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LMT. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada dropped their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. 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 stock. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.0%

Shares of NYSE LMT opened at $499.12 on Friday. The firm has a market cap 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 Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company's fifty day simple moving average is $454.21 and its 200 day simple moving average is $460.52. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates 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 was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share 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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