Meiji Yasuda Life Insurance Co lessened its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 73.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 439 shares of the aerospace company’s stock after selling 1,216 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Lockheed Martin were worth $224,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in LMT. Cerro Pacific Wealth Advisors LLC raised its position in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp grew its stake in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after purchasing an additional 16 shares during the last quarter. Davis R M Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after purchasing an additional 16 shares in the last quarter. Aspire Growth Partners LLC increased its holdings in shares of Lockheed Martin by 0.7% in the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its position in Lockheed Martin by 0.6% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock worth $1,395,000 after purchasing an additional 17 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently commented on LMT shares. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. UBS Group reiterated a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $632.39.
Lockheed Martin Price Performance
NYSE:LMT opened at $563.82 on Monday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a market cap of $130.12 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock’s 50-day simple moving average is $551.70 and its 200 day simple moving average is $573.30.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.
About Lockheed Martin
Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.
Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.
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