Plancorp LLC Has $422,000 Position in Lockheed Martin Corporation $LMT

Plancorp LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 912 shares of the aerospace company’s stock after acquiring an additional 23 shares during the quarter. Plancorp LLC’s holdings in Lockheed Martin were worth $422,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BigSur Wealth Management LLC increased its stake in shares of Lockheed Martin by 13.2% during the 2nd quarter. BigSur Wealth Management LLC now owns 4,280 shares of the aerospace company’s stock worth $1,982,000 after purchasing an additional 500 shares during the last quarter. Palumbo Wealth Management LLC increased its position in Lockheed Martin by 300.1% during the second quarter. Palumbo Wealth Management LLC now owns 2,705 shares of the aerospace company’s stock worth $1,253,000 after buying an additional 2,029 shares during the last quarter. McAdam LLC increased its position in Lockheed Martin by 8.9% during the second quarter. McAdam LLC now owns 1,560 shares of the aerospace company’s stock worth $722,000 after buying an additional 128 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in Lockheed Martin by 5.9% during the second quarter. Foster Victor Wealth Advisors LLC now owns 27,255 shares of the aerospace company’s stock valued at $12,621,000 after buying an additional 1,529 shares in the last quarter. Finally, Chronos Wealth Management LLC lifted its position in shares of Lockheed Martin by 0.5% in the second quarter. Chronos Wealth Management LLC now owns 11,770 shares of the aerospace company’s stock worth $5,451,000 after buying an additional 58 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $484.75 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The business’s 50 day moving average is $448.21 and its 200-day moving average is $459.53. The firm has a market capitalization of $113.17 billion, a PE ratio of 27.29, a PEG ratio of 1.71 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the company posted $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. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

LMT has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective 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. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. UBS Group lowered their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $494.00.

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.