Grassi Investment Management Sells 100 Shares of Lockheed Martin Corporation $LMT

Grassi Investment Management reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,737 shares of the aerospace company’s stock after selling 100 shares during the quarter. Lockheed Martin makes up approximately 0.9% of Grassi Investment Management’s investment portfolio, making the stock its 25th biggest position. Grassi Investment Management’s holdings in Lockheed Martin were worth $11,920,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LMT. 49 Wealth Management LLC raised its stake in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after acquiring an additional 22 shares during the period. OMNI 360 Wealth Inc. raised its position in shares of Lockheed Martin by 2.5% during 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 period. Tyler Stone Wealth Management raised its position in shares of Lockheed Martin by 3.3% during 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 raised its position in shares of 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 valued at $225,000 after purchasing an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. raised its holdings in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 22 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $504.69 on Friday. The stock’s 50 day simple moving average is $455.88 and its two-hundred day simple moving average is $460.77. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a market cap of $117.83 billion, a price-to-earnings ratio of 28.42, a PEG 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.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the business posted $7.11 earnings per share. Lockheed Martin’s quarterly 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, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Robert W. Baird decreased their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price 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.