Asset Management One Co. Ltd. Buys 12,456 Shares of Lockheed Martin Corporation $LMT

Key Points

• Asset Management One increased its Lockheed Martin stake by 14.3% in the third quarter, purchasing 12,456 shares and bringing its holdings to 99,536 shares valued at approximately $50.7 million. Institutional investors collectively own 74.19% of the company.
• Analysts maintain a generally positive outlook, with Lockheed Martin receiving a consensus “Moderate Buy” rating and an average price target of $638.05, although some firms issued “Hold” or “Sector Perform” ratings.
• Lockheed Martin exceeded quarterly expectations with $7.97 in adjusted earnings per share and $20.71 billion in revenue, while raising its quarterly dividend to $3.60, or $14.40 annually.

Asset Management One Co. Ltd. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,536 shares of the aerospace company's stock after purchasing an additional 12,456 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lockheed Martin were worth $50,689,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Lockheed Martin by 1.3% during the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock valued at $16,799,530,000 after buying an additional 419,582 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP increased its stake in shares of Lockheed Martin by 3,983.3% in the second quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company's stock valued at $3,622,750,000 after purchasing an additional 6,936,814 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $645,258,000. Finally, Legal & General Group Plc bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $497,469,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LMT shares. Sanford C. Bernstein reduced their price objective on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a research report on Wednesday, October 14th. Royal Bank Of Canada raised their target price on Lockheed Martin from $550.00 to $600.00 and gave the company a "sector perform" rating in a research report on Friday, October 23rd. Rothschild & Co Redburn began coverage on Lockheed Martin in a research note on Tuesday, October 6th. They set a "buy" rating and a $650.00 target price on the stock. Barclays boosted their price target on Lockheed Martin from $554.00 to $560.00 and gave the stock an "equal weight" rating in a research report on Friday, October 23rd. Finally, Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target of $638.05.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $630.42 on Thursday. The stock's fifty day simple moving average is $541.77 and its 200 day simple moving average is $567.94. The stock has a market capitalization of $145.63 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.29 and a beta of 0.09. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping analysts' consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The firm had revenue of $20.71 billion for the quarter, compared to analysts' expectations of $20.48 billion. During the same quarter last year, the business posted $6.95 EPS. Lockheed Martin's revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 30.55 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a $3.60 dividend. This represents a $14.40 annualized dividend and a dividend yield of 2.3%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin's payout ratio is 49.02%.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Morgan Stanley upgraded LMT to Overweight and raised its price target to $835, arguing that a 10-year F-35 framework with the Pentagon removes significant program risk. The firm also cited Lockheed’s record $292 billion backlog. Lockheed Martin's F-35 Deal Could Change How Wall Street Values the Stock
• Positive Sentiment: Lockheed received a $694 million U.S. Air Force contract to produce the Air-Launched Rapid Response Weapon hypersonic missile, adding near-term revenue potential and reinforcing its position in advanced weapons. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
• Positive Sentiment: A separate Army test demonstrated Lockheed’s ability to redirect an in-flight GMLRS rocket, supporting the company’s role in next-generation integrated fires and missile-defense systems. Lockheed Martin Advances Joint Fires Capability
• Positive Sentiment: Zacks upgraded LMT to Rank #2, or Buy, reflecting improving expectations for earnings. Lockheed Rating Upgrade to Buy

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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