Lockheed Martin Corporation $LMT Holdings Lowered by Watershed Private Wealth LLC

Watershed Private Wealth LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 663 shares of the aerospace company’s stock after selling 70 shares during the quarter. Watershed Private Wealth LLC’s holdings in Lockheed Martin were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Lockheed Martin by 2.0% in the first quarter. First Citizens Bank & Trust Co. now owns 4,205 shares of the aerospace company’s stock valued at $1,878,000 after purchasing an additional 83 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in shares of Lockheed Martin by 12.1% in the first quarter. Portside Wealth Group LLC now owns 1,852 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 200 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Lockheed Martin by 38.3% in the 1st quarter. Farther Finance Advisors LLC now owns 8,080 shares of the aerospace company’s stock worth $3,625,000 after acquiring an additional 2,237 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Lockheed Martin by 109.4% in the 1st quarter. Pallas Capital Advisors LLC now owns 2,686 shares of the aerospace company’s stock worth $1,200,000 after acquiring an additional 1,403 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $511.28 on Wednesday. The firm has a market cap of $119.36 billion, a PE ratio of 28.79, a PEG ratio of 1.81 and a beta of 0.28. The firm’s 50 day moving average price is $459.57 and its 200 day moving average price is $461.53. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last released 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 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 last year, the firm earned $7.11 EPS. Lockheed Martin’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, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LMT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Royal Bank Of Canada reduced their price target 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. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One equities 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $497.13.

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.