Clarius Group LLC Sells 70 Shares of Lockheed Martin Corporation $LMT

Clarius Group LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,826 shares of the aerospace company’s stock after selling 70 shares during the quarter. Clarius Group LLC’s holdings in Lockheed Martin were worth $846,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter worth $31,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin during the first quarter worth $45,000. McIlrath & Eck LLC grew its holdings in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. Finally, Dagco Inc. purchased a new position in Lockheed Martin in the first quarter worth $50,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1%

Shares of NYSE LMT opened at $504.69 on Monday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business’s fifty day moving average price is $455.88 and its 200-day moving average price is $460.66. The stock has a market capitalization of $117.82 billion, a PE ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. The business’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. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, TD Cowen reissued a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average 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.