Lockheed Martin Corporation $LMT Shares Sold by Trust Co of Kansas

Trust Co of Kansas cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.4% in the second quarter, HoldingsChannel reports. The firm owned 14,173 shares of the aerospace company’s stock after selling 503 shares during the period. Lockheed Martin accounts for about 3.1% of Trust Co of Kansas’ holdings, making the stock its 13th biggest holding. Trust Co of Kansas’ holdings in Lockheed Martin were worth $6,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin during the first quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $45,000. McIlrath & Eck LLC lifted its holdings in shares of Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 66 shares during the last quarter. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Stock Down 0.0%

LMT stock opened at $499.18 on Thursday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The stock has a market capitalization of $116.54 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a fifty day moving average of $452.65 and a 200-day moving average of $460.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter last year, the business earned $7.11 EPS. The business’s revenue 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.

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.