Lockheed Martin Corporation $LMT Shares Sold by Eagle Capital Management LLC

Eagle Capital Management LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,955 shares of the aerospace company’s stock after selling 80 shares during the period. Lockheed Martin comprises about 2.2% of Eagle Capital Management LLC’s portfolio, making the stock its 18th biggest position. Eagle Capital Management LLC’s holdings in Lockheed Martin were worth $5,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Lockheed Martin by 7.5% during 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 buying an additional 560,457 shares during the period. Royal Bank of Canada raised its stake in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after buying an additional 31,443 shares in the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $499.10 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $116.52 billion, a P/E ratio of 28.10, a PEG ratio of 1.73 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a 50-day moving average price of $451.05 and a 200 day moving average price of $460.03.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Lockheed Martin has an average 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.