Ameritas Advisory Services LLC Has $2.08 Million Stock Position in Lockheed Martin Corporation $LMT

Ameritas Advisory Services LLC reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.7% in the 2nd quarter, Holdings Channel reports. The firm owned 4,486 shares of the aerospace company’s stock after selling 651 shares during the period. Ameritas Advisory Services LLC’s holdings in Lockheed Martin were worth $2,078,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin during the first quarter worth $45,000. McIlrath & Eck LLC increased its holdings in shares of Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin during the first quarter worth $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $504.69 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market cap of $117.83 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.76 and a beta of 0.28. The company’s fifty day moving average is $455.88 and its 200 day moving average is $460.77.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results 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 business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LMT shares. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. TD Cowen reiterated a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, 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 note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $494.00.

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.