Broadway Wealth Solutions Inc. Increases Position in Lockheed Martin Corporation $LMT

Broadway Wealth Solutions Inc. grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 511 shares of the aerospace company’s stock after acquiring an additional 22 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Lockheed Martin were worth $237,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Stock Up 1.4%

Shares of NYSE LMT opened at $499.10 on Wednesday. The stock 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. 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 12-month low of $410.11 and a 12-month high of $618.95. The business’s fifty day simple moving average is $451.05 and its 200-day simple moving average is $460.03.

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 the consensus estimate 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 return on equity of 107.60% and a net margin of 5.85%.The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.