TD Private Client Wealth LLC Sells 1,138 Shares of Lockheed Martin Corporation $LMT

Key Points

• TD Private Client Wealth LLC reduced its stake in Lockheed Martin by 20%, selling 1,138 shares, and now holds 4,553 shares, valued at approximately $2.1 million.
• Brokerage ratings for Lockheed Martin have seen adjustments, with Robert W. Baird lowering the price target from $540.00 to $500.00, while JPMorgan Chase cut theirs from $520.00 to $465.00.
• Lockheed Martin's recent earnings report revealed an EPS of $7.29, exceeding estimates, while the company projected FY 2025 EPS guidance between 21.700 and 22.000.

TD Private Client Wealth LLC trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,553 shares of the aerospace company's stock after selling 1,138 shares during the quarter. TD Private Client Wealth LLC's holdings in Lockheed Martin were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position 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 worth $1,941,000 after buying an additional 191 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $265,000. Centaurus Financial Inc. grew its position in shares of Lockheed Martin by 79.8% in the 4th quarter. Centaurus Financial Inc. now owns 2,435 shares of the aerospace company's stock worth $1,183,000 after buying an additional 1,081 shares during the last quarter. Chancellor Financial Group WB LP bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $209,000. Finally, DSG Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $235,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Down 0.3%

Shares of NYSE:LMT opened at $484.75 on Friday. The stock has a fifty day simple moving average of $448.21 and a two-hundred day simple moving average of $459.53. The stock has a market capitalization of $113.17 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.71 and a beta of 0.26. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. 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 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 business had revenue of $18.16 billion during 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share 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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