Lockheed Martin Corporation $LMT Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,128 shares of the aerospace company’s stock after selling 32 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Lockheed Martin were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 22 shares during the period. OMNI 360 Wealth Inc. grew its stake 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 buying an additional 22 shares during the period. Tyler Stone Wealth Management increased its holdings 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 worth $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its position in shares of Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after buying an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. boosted its holdings in Lockheed Martin by 4.5% in 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 last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LMT shares. UBS Group dropped 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. Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Robert W. Baird reduced their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. 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. Finally, TD Cowen reissued a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Trading Up 1.1%

LMT opened at $504.69 on Friday. The firm’s 50 day moving average is $455.88 and its 200-day moving average is $460.70. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. 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 firm has a market capitalization of $117.82 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period 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. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Company 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.