Roundview Capital LLC Sells 59 Shares of Lockheed Martin Corporation $LMT

Roundview Capital LLC reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,653 shares of the aerospace company’s stock after selling 59 shares during the quarter. Roundview Capital LLC’s holdings in Lockheed Martin were worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. RMG Wealth Management LLC bought a new position in shares of Lockheed Martin in the second quarter worth approximately $1,576,000. Trueblood Wealth Management LLC boosted its position in shares of Lockheed Martin by 3.8% in the second quarter. Trueblood Wealth Management LLC now owns 1,471 shares of the aerospace company’s stock worth $681,000 after purchasing an additional 54 shares during the period. Seamount Financial Group Inc. purchased a new position in shares of Lockheed Martin in the second quarter worth $207,000. Mraz Amerine & Associates Inc. lifted its holdings in shares of Lockheed Martin by 11.1% in the second quarter. Mraz Amerine & Associates Inc. now owns 949 shares of the aerospace company’s stock worth $440,000 after buying an additional 95 shares in the last quarter. Finally, Motiv8 Investments LLC lifted its holdings in shares of Lockheed Martin by 12.1% in the second quarter. Motiv8 Investments LLC now owns 2,574 shares of the aerospace company’s stock worth $1,192,000 after buying an additional 277 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LMT. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research reissued a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Saturday, September 27th. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Finally, Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $497.13.

Lockheed Martin Trading Down 0.6%

Shares of LMT opened at $511.28 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a market cap of $119.36 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.81 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. The company’s fifty day simple moving average is $459.57 and its 200-day simple moving average is $461.53.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm posted $7.11 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts expect 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.