527,532 Shares in Lockheed Martin Corporation $LMT Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 527,532 shares of the aerospace company’s stock, valued at approximately $268,757,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at about $26,000. Triumph Capital Management grew its holdings in Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. bought a new position in Lockheed Martin during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen dropped their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Bank of America reduced their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Citigroup increased their price target on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Down 2.4%

Shares of LMT opened at $594.26 on Tuesday. The firm has a market cap of $137.15 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.04 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. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The firm’s 50-day simple moving average is $544.00 and its 200 day simple moving average is $576.42.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the business posted $1.46 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is 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.