Lockheed Martin Corporation $LMT Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,735 shares of the aerospace company’s stock after selling 48 shares during the period. Lockheed Martin makes up approximately 2.2% of Community Bank & Trust Waco Texas’ holdings, making the stock its 11th largest position. Community Bank & Trust Waco Texas’ holdings in Lockheed Martin were worth $9,603,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LMT. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 7.5% during the first 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 period. Nuveen LLC acquired a new stake in Lockheed Martin in the first quarter valued at about $221,790,000. AQR Capital Management LLC lifted its position in Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after purchasing an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after purchasing an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after purchasing an additional 278,121 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.4%

Shares of Lockheed Martin stock opened at $499.10 on Wednesday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month 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 stock has a market cap of $116.52 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.26. The company has a 50-day moving average of $451.05 and a two-hundred day moving average of $460.03.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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. 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 analysts’ expectations of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The company’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. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LMT shares. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company 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 company a “market perform” rating in a research report on Monday, July 14th. Vertical Research restated a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, UBS Group reduced their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” 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 stock. Based on data from MarketBeat.com, the company currently 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.