Meiji Yasuda Life Insurance Co Raises Stake in Lockheed Martin Corporation $LMT

Key Points

• Meiji Yasuda Life Insurance Co increased its stake in Lockheed Martin by 41.8%, holding 2,561 shares valued at approximately $1.14 million.
• Lockheed Martin recently announced a quarterly dividend of $3.30, representing an annual yield of 2.9% and a payout ratio of 74.32%.
• Several analysts have issued mixed ratings on Lockheed Martin, with a consensus price target of $494.00 and a current average rating of "Hold."

Meiji Yasuda Life Insurance Co grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 41.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,561 shares of the aerospace company's stock after purchasing an additional 755 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Lockheed Martin were worth $1,144,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LMT. GAMMA Investing LLC boosted its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $451,985,000. Charles Schwab Investment Management Inc. boosted its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth $221,790,000. Finally, AQR Capital Management LLC boosted its position in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after purchasing an additional 350,796 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. TD Cowen restated a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, UBS Group decreased their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Trading Down 1.1%

Shares of LMT stock opened at $458.81 on Tuesday. The firm has a 50-day moving average price of $446.25 and a 200 day moving average price of $457.81. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a market capitalization of $107.11 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.63 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the company posted $7.11 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.9%. Lockheed Martin's payout ratio is presently 74.32%.

Lockheed Martin Company 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.

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