Fiera Capital Corp Has $967,000 Stake in Lockheed Martin Corporation $LMT

Fiera Capital Corp raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,088 shares of the aerospace company’s stock after buying an additional 225 shares during the quarter. Fiera Capital Corp’s holdings in Lockheed Martin were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin during the second quarter worth $28,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $34,000. GFG Capital LLC bought a new position in Lockheed Martin during the second quarter worth about $43,000. Bernard Wealth Management Corp. grew its stake in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin in the first quarter worth about $45,000. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Up 2.3%

Lockheed Martin stock opened at $466.27 on Friday. The company has a fifty day simple moving average of $484.22 and a 200 day simple moving average of $467.11. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $546.00. The company has a market cap of $107.89 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is currently 77.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LMT shares. Robert W. Baird lifted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Susquehanna boosted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $513.47.

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.