Meiji Yasuda Asset Management Co Ltd. Purchases New Position in Lockheed Martin Corporation $LMT

Key Points

• Meiji Yasuda Asset Management bought 5,339 Lockheed Martin shares worth approximately $2.72 million, while institutional investors collectively own 74.19% of the company.
• Analysts maintain a consensus “Hold” rating on LMT, with an average price target of $632.39. Recent targets range from $560 to $690.
• Lockheed Martin exceeded quarterly earnings and revenue expectations, reporting $7.94 in EPS and $20.06 billion in revenue, while declaring a quarterly dividend of $3.45 per share, yielding about 2.4% annually.

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,339 shares of the aerospace company's stock, valued at approximately $2,720,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC grew its position in Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock worth $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock worth $839,000 after purchasing an additional 16 shares during the last quarter. Davis R M Inc. increased its stake in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock valued at $612,000 after buying an additional 16 shares during the period. Aspire Growth Partners LLC increased its stake in Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after buying an additional 17 shares during the period. Finally, Insigneo Advisory Services LLC raised its position in Lockheed Martin by 0.6% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company's stock worth $1,395,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Royal Bank Of Canada boosted their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. DZ Bank raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Finally, TD Cowen decreased their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Price Performance

LMT stock opened at $563.65 on Tuesday. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a market cap of $130.08 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. The firm has a 50 day moving average of $548.48 and a 200-day moving average of $574.85. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $1.46 earnings per share. Lockheed Martin's quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is 50.87%.

Lockheed Martin Company Profile

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.

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