Gemmer Asset Management LLC Buys 99 Shares of Lockheed Martin Corporation $LMT

Gemmer Asset Management LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.6% in the second quarter, Holdings Channel.com reports. The fund owned 580 shares of the aerospace company’s stock after purchasing an additional 99 shares during the period. Gemmer Asset Management LLC’s holdings in Lockheed Martin were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. 49 Wealth Management LLC lifted its position in 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 purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. lifted its position in 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 purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management lifted its position in 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 purchasing an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in 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 purchasing an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. lifted its position in 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 purchasing an additional 22 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. 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 for the company in a research report on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Finally, Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $504.69 on Friday. The firm has a 50-day moving average price of $455.88 and a 200-day moving average price of $460.70. The firm has a market capitalization of $117.82 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. 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 Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current 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.