HighMark Wealth Management LLC Boosts Position in Lockheed Martin Corporation $LMT

HighMark Wealth Management LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 132.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186 shares of the aerospace company’s stock after buying an additional 106 shares during the period. HighMark Wealth Management LLC’s holdings in Lockheed Martin were worth $86,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMT. Entropy Technologies LP grew its holdings in Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC bought a new position in Lockheed Martin during the 1st quarter worth about $377,000. First American Bank grew its holdings in Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Empowered Funds LLC grew its holdings in Lockheed Martin by 21.2% during the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after acquiring an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after acquiring an additional 2,686 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.0%

LMT stock opened at $499.12 on Friday. The firm has a 50 day moving average of $454.21 and a 200 day moving average of $460.52. The stock has a market capitalization of $116.52 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. 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 Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last released 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 company 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%. Lockheed Martin’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analyst Weigh In

LMT has been the topic of several recent research reports. TD Cowen reiterated a “hold” rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. UBS Group lowered their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $494.00.

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.