Archford Capital Strategies LLC Reduces Stock Holdings in Lockheed Martin Corporation $LMT

Archford Capital Strategies LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 55.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,832 shares of the aerospace company’s stock after selling 4,727 shares during the quarter. Archford Capital Strategies LLC’s holdings in Lockheed Martin were worth $1,775,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LMT. 49 Wealth Management LLC boosted its stake in Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 22 shares in the last quarter. OMNI 360 Wealth Inc. lifted its holdings in shares of Lockheed Martin by 2.5% in the 1st 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 boosted its position in shares of Lockheed Martin by 3.3% in the 1st 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 period. Investment Advisory Services Inc. TX ADV grew its stake in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after buying an additional 22 shares during the last quarter. Finally, Tealwood Asset Management Inc. increased its position in Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group decreased their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. TD Cowen reiterated a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Up 0.7%

LMT opened at $487.53 on Monday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market capitalization of $113.82 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.71 and a beta of 0.26. The business has a 50 day simple moving average of $448.68 and a 200-day simple moving average of $459.59.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 earnings per share. Lockheed Martin’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. On average, 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.