Journey Beyond Wealth LLC Sells 31 Shares of Lockheed Martin Corporation $LMT

Journey Beyond Wealth LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 924 shares of the aerospace company’s stock after selling 31 shares during the period. Lockheed Martin makes up 0.4% of Journey Beyond Wealth LLC’s portfolio, making the stock its 22nd biggest position. Journey Beyond Wealth LLC’s holdings in Lockheed Martin were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LMT. 49 Wealth Management LLC lifted its holdings in Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after acquiring an additional 22 shares during the period. OMNI 360 Wealth Inc. lifted its holdings in Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 22 shares during the period. Tyler Stone Wealth Management lifted its holdings in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. lifted its holdings in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $504.69 on Friday. The stock has a 50-day moving average price of $455.88 and a 200-day moving average price of $460.77. 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 capitalization of $117.83 billion, a P/E ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the business earned $7.11 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.