Lockheed Martin Corporation $LMT Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,570 shares of the aerospace company’s stock after selling 346 shares during the period. Appleton Partners Inc. MA’s holdings in Lockheed Martin were worth $7,211,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $3,587,444,000 after buying an additional 560,457 shares in the last quarter. Royal Bank of Canada boosted its stake in Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after buying an additional 31,443 shares in the last quarter. Invesco Ltd. boosted its stake in Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several research reports. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, TD Cowen reiterated a “hold” rating and issued a $480.00 price target (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 assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Trading 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 firm has a market capitalization 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. The business has a 50-day moving average price of $455.88 and a two-hundred day moving average price of $460.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 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 analyst estimates of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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.