Lockheed Martin Corporation $LMT Shares Sold by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,202 shares of the aerospace company’s stock after selling 75 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Lockheed Martin were worth $557,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the 1st quarter valued at about $31,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin in the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin in the 1st quarter valued at about $45,000. McIlrath & Eck LLC grew its position in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new position in Lockheed Martin in the 1st quarter valued at about $50,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird lowered their price objective 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. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada lowered their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Price Performance

LMT stock opened at $504.69 on Friday. The business has a 50 day moving average price of $455.88 and a 200 day moving average price of $460.70. The stock has a market cap of $117.82 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. 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) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

About Lockheed Martin

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.