Asset Management One Co. Ltd. Raises Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Asset Management One Co. Ltd. has increased its holdings in Lockheed Martin Corporation by 0.7%, owning 91,515 shares valued at approximately $42.38 million.
• Lockheed Martin announced a quarterly dividend of $3.45 per share, up from its previous $3.30, representing a 2.8% yield.
• The company reported quarterly earnings of $6.95 per share, exceeding analysts' estimates, with revenue increasing by 8.8% year-over-year to $18.61 billion.

Asset Management One Co. Ltd. raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,515 shares of the aerospace company's stock after buying an additional 643 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lockheed Martin were worth $42,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. lifted its stake in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $221,790,000. AQR Capital Management LLC lifted its stake in Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after buying an additional 278,121 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.5%

Shares of LMT stock opened at $485.59 on Friday. The business's fifty day moving average price is $477.51 and its 200 day moving average price is $466.37. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43. The firm has a market capitalization of $112.37 billion, a PE ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin's quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.8%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin's dividend payout ratio is currently 77.05%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group dropped their target price on Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $513.47.

About Lockheed Martin

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.

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