Marietta Wealth Management LLC Purchases 159 Shares of Lockheed Martin Corporation $LMT

Marietta Wealth Management LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,541 shares of the aerospace company’s stock after purchasing an additional 159 shares during the period. Marietta Wealth Management LLC’s holdings in Lockheed Martin were worth $5,808,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. 49 Wealth Management LLC raised its stake in shares of Lockheed Martin by 3.4% in 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 last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Lockheed Martin by 2.5% in 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 last quarter. Tyler Stone Wealth Management raised its stake in shares of Lockheed Martin by 3.3% in 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 last quarter. Investment Advisory Services Inc. TX ADV raised its stake in shares of Lockheed Martin by 4.7% in 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 last quarter. Finally, Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 4.5% in 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 last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 1.1%

Shares of NYSE LMT opened at $504.69 on Friday. The stock has a market cap of $117.82 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28. The firm has a 50 day moving average price of $455.88 and a 200 day moving average price of $460.70. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating 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 firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 earnings per share. The business’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. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Saturday, September 27th. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Susquehanna lowered their price target 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. Vertical Research reiterated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $494.00.

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.