Alta Wealth Advisors LLC Sells 26 Shares of Lockheed Martin Corporation $LMT

Alta Wealth Advisors LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,006 shares of the aerospace company’s stock after selling 26 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Lockheed Martin were worth $466,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LMT. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Vest Financial LLC increased its stake in Lockheed Martin by 68.1% during the 1st quarter. Vest Financial LLC now owns 3,608 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 1,462 shares in the last quarter. Procyon Advisors LLC increased its stake in Lockheed Martin by 20.1% during the 1st quarter. Procyon Advisors LLC now owns 5,357 shares of the aerospace company’s stock worth $2,295,000 after purchasing an additional 896 shares in the last quarter. Pines Wealth Management LLC increased its stake in Lockheed Martin by 20.0% during the 1st quarter. Pines Wealth Management LLC now owns 2,324 shares of the aerospace company’s stock worth $1,030,000 after purchasing an additional 388 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its stake in Lockheed Martin by 17.5% during the 1st quarter. Cranbrook Wealth Management LLC now owns 235 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 35 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Finally, Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Trading Up 1.1%

NYSE LMT opened at $504.69 on Friday. The company has a market cap of $117.82 billion, a PE ratio of 28.42, a PEG 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 12 month low of $410.11 and a 12 month high of $618.95. The stock has a 50 day moving average of $455.88 and a 200-day moving average of $460.70.

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

About Lockheed Martin

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.