TriaGen Wealth Management LLC Takes Position in Lockheed Martin Corporation $LMT

TriaGen Wealth Management LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 460 shares of the aerospace company’s stock, valued at approximately $213,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Royal Bank of Canada raised its stake in Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Lockheed Martin by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $497.13.

Lockheed Martin Stock Performance

NYSE LMT opened at $514.46 on Tuesday. The stock has a market cap of $120.11 billion, a PE ratio of 28.97, a P/E/G ratio of 1.77 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 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 fifty day simple moving average of $457.74 and a 200-day simple moving average of $461.18.

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, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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.