Fidelis Capital Partners LLC Trims Stock Holdings in Lockheed Martin Corporation $LMT

Fidelis Capital Partners LLC reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,675 shares of the aerospace company’s stock after selling 424 shares during the period. Fidelis Capital Partners LLC’s holdings in Lockheed Martin were worth $2,468,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 560,457 shares during the period. Nuveen LLC bought a new stake in Lockheed Martin during the 1st quarter valued at about $221,790,000. AQR Capital Management LLC lifted its holdings in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after buying an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after buying an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Lockheed Martin by 59.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after buying an additional 278,121 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Bank of America reduced their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. The Goldman Sachs Group increased their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Sanford C. Bernstein lifted their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $513.47.

Lockheed Martin Trading Down 2.3%

LMT opened at $457.93 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a market cap of $105.96 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The stock has a fifty day moving average price of $483.98 and a 200-day moving average price of $467.58.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company 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%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

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.