TFG Advisers LLC Has $1.32 Million Stock Position in Lockheed Martin Corporation $LMT

TFG Advisers LLC lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,848 shares of the aerospace company’s stock after selling 39 shares during the quarter. TFG Advisers LLC’s holdings in Lockheed Martin were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% in the first 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 in the last quarter. Nuveen LLC acquired a new stake in Lockheed Martin in the first quarter valued at $221,790,000. AQR Capital Management LLC grew its position in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after acquiring an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after purchasing an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Lockheed Martin by 59.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after purchasing an additional 278,121 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMT. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. 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 note on Monday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Trading Down 0.0%

LMT opened at $499.18 on Thursday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a market capitalization of $116.54 billion, a PE ratio of 28.11, a P/E/G ratio of 1.76 and a beta of 0.28. 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 company’s 50-day moving average is $452.65 and its 200 day moving average is $460.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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.