Mufg Securities Americas Inc. Has $2.77 Million Stock Holdings in Lockheed Martin Corporation $LMT

Mufg Securities Americas Inc. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,541 shares of the aerospace company’s stock after acquiring an additional 920 shares during the period. Mufg Securities Americas Inc.’s holdings in Lockheed Martin were worth $2,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC boosted its holdings in Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Lockheed Martin in the third quarter valued at $35,000. Finally, MTM Investment Management LLC acquired a new position in Lockheed Martin during the second quarter worth $36,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $659.80 on Tuesday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $669.75. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The firm’s 50 day moving average is $567.39 and its 200-day moving average is $504.43. The firm has a market capitalization of $151.81 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.19 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $7.67 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LMT shares. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Jefferies Financial Group lifted their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a report on Sunday, February 1st. BNP Paribas Exane upped their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, The Goldman Sachs Group boosted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $612.50.

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.