FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 61 Shares of Lockheed Martin Corporation $LMT

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,441 shares of the aerospace company’s stock after selling 61 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Lockheed Martin were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP lifted its position in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC purchased a new stake in Lockheed Martin during the first quarter valued at approximately $377,000. First American Bank lifted its position in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Empowered Funds LLC lifted its position in Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after acquiring an additional 2,686 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.7%

Shares of Lockheed Martin stock 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. The firm has a fifty day moving average price of $448.68 and a 200 day moving average price of $459.59. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock has a market cap of $113.82 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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 net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter last year, the company posted $7.11 earnings per share. The firm’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 research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LMT. Vertical Research reiterated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen reiterated a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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 note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $494.00.

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.