Asset Management One Co. Ltd. Has $40.59 Million Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Asset Management One Co. Ltd. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,872 shares of the aerospace company's stock after purchasing an additional 3,523 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lockheed Martin were worth $40,593,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LMT. LaFleur & Godfrey LLC increased its stake in Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after purchasing an additional 176 shares in the last quarter. Eagle Capital Management LLC increased its stake in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $256,000. Finally, World Equity Group Inc. bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $283,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LMT. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $0.16 during mid-day trading on Thursday, hitting $458.23. 1,589,017 shares of the company's stock traded hands, compared to its average volume of 1,350,877. The firm has a 50 day simple moving average of $471.01 and a two-hundred day simple moving average of $467.51. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market cap of $107.36 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.60 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 57.02%.

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.