2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. lowered its position in shares of Lockheed Martin Co.
( NYSE:LMT – Free Report ) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,043 shares of the aerospace company’s stock after selling 1,270 shares during the period.
B. Riley Wealth Advisors Inc.’s holdings in Lockheed Martin were worth $7,494,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gateway Wealth Partners LLC increased its position in Lockheed Martin by 161.9% during the 2nd quarter.
Gateway Wealth Partners LLC now owns 1,215 shares of the aerospace company’s stock valued at $567,000 after purchasing an additional 751 shares during the period. Regal Investment Advisors LLC increased its holdings in Lockheed Martin by 103.9% during the second quarter.
Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock valued at $1,044,000 after buying an additional 1,139 shares during the period. Quarry LP raised its stake in Lockheed Martin by 242.1% in the second quarter.
Quarry LP now owns 5,303 shares of the aerospace company’s stock worth $2,477,000 after buying an additional 3,753 shares in the last quarter. Twin Lakes Capital Management LLC lifted its holdings in Lockheed Martin by 1.3% during the second quarter.
Twin Lakes Capital Management LLC now owns 1,527 shares of the aerospace company’s stock worth $713,000 after buying an additional 20 shares during the period. Finally, William B. Walkup & Associates Inc.
bought a new stake in Lockheed Martin during the 2nd quarter valued at $646,000. 74.19% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets A number of equities research analysts recently weighed in on LMT shares. Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $500.00 to $600.
00 in a research note on Monday, August 5th. UBS Group raised their price target on shares of Lockheed Martin from $511.00 to $538.
00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research note on Tuesday, September 3rd.
TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th.
Finally, Susquehanna raised their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th.
One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.
Insider Activity In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.
36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.
72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 0.
17% of the company’s stock. Lockheed Martin Price Performance Shares of NYSE LMT opened at $582.36 on Monday.
The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.
24. The firm has a fifty day moving average of $556.36 and a 200 day moving average of $494.
27. The firm has a market cap of $139.73 billion, a PE ratio of 21.
31, a PEG ratio of 4.66 and a beta of 0.47.
Lockheed Martin Co. has a one year low of $393.77 and a one year high of $584.
07. Lockheed Martin ( NYSE:LMT – Get Free Report ) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.
11 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66.
The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion.
Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%.
The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.
73 earnings per share. As a group, research analysts predict that Lockheed Martin Co. will post 26.
65 EPS for the current fiscal year. About Lockheed Martin ( Free Report ) 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.
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