Lockheed Martin Corporation (NYSE:LMT) Position Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.6% during the 1st quarter, HoldingsChannel reports. The fund owned 6,068 shares of the aerospace company’s stock after purchasing an additional 265 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $2,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Entropy Technologies LP grew its stake in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $377,000. First American Bank lifted its holdings in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after buying an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after buying an additional 2,686 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $442.21 on Thursday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a fifty day moving average price of $453.30 and a two-hundred day moving average price of $457.33. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The firm has a market capitalization of $103.24 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.51 and a beta of 0.27.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the company posted $7.11 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LMT shares. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Fifteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $506.65.

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.