Cohen Investment Advisors LLC Has $531,000 Stake in Lockheed Martin Corporation $LMT

Cohen Investment Advisors LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,147 shares of the aerospace company’s stock after selling 51 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Lockheed Martin were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new stake in Lockheed Martin in the 1st quarter worth approximately $221,790,000. AQR Capital Management LLC lifted its holdings in Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after purchasing an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after buying an additional 278,121 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $496.88.

Lockheed Martin Trading Up 0.6%

LMT stock opened at $513.98 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a market cap of $119.99 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.80 and a beta of 0.28. The business’s 50 day moving average is $461.48 and its 200-day moving average is $461.89. 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) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities 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.