MUFG Securities EMEA plc Has $38.07 Million Position in Lockheed Martin Corporation $LMT

MUFG Securities EMEA plc boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 722.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,200 shares of the aerospace company’s stock after purchasing an additional 72,200 shares during the period. Lockheed Martin comprises 0.0% of MUFG Securities EMEA plc’s portfolio, making the stock its 10th biggest holding. MUFG Securities EMEA plc’s holdings in Lockheed Martin were worth $38,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Lockheed Martin by 16.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,460 shares of the aerospace company’s stock worth $1,603,000 after purchasing an additional 496 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Lockheed Martin by 5.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 113,254 shares of the aerospace company’s stock worth $52,452,000 after purchasing an additional 5,831 shares during the period. GHP Investment Advisors Inc. lifted its stake in Lockheed Martin by 24.2% during the second quarter. GHP Investment Advisors Inc. now owns 7,096 shares of the aerospace company’s stock worth $3,287,000 after purchasing an additional 1,382 shares during the period. Aviance Capital Partners LLC lifted its stake in Lockheed Martin by 0.9% during the second quarter. Aviance Capital Partners LLC now owns 16,574 shares of the aerospace company’s stock worth $7,676,000 after purchasing an additional 147 shares during the period. Finally, Kesler Norman & Wride LLC lifted its stake in Lockheed Martin by 1.4% during the second quarter. Kesler Norman & Wride LLC now owns 11,996 shares of the aerospace company’s stock worth $5,556,000 after purchasing an additional 160 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $492.04 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a 50 day moving average price of $481.90 and a 200 day moving average price of $467.21. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The stock has a market capitalization of $113.86 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. 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 yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 7,792 shares of the business’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 transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Truist Financial lifted their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Finally, Robert W. Baird lifted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $513.47.

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.