Mitsubishi UFJ Trust & Banking Corp Acquires 5,542 Shares of Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in Lockheed Martin by 3.4% in Q1, acquiring an additional 5,542 shares, bringing its total ownership to 166,565 shares valued at $74.4 million.
• Lockheed Martin recently reported $7.29 EPS for the last quarter, exceeding analysts' expectations of $6.57, with a net margin of 5.85% and a revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, resulting in an annualized yield of 3.1%, scheduled for payment on September 26.

Mitsubishi UFJ Trust & Banking Corp grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 166,565 shares of the aerospace company's stock after acquiring an additional 5,542 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Lockheed Martin worth $74,406,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the 1st quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $40,000. Banque Transatlantique SA bought a new position in Lockheed Martin in the 4th quarter valued at about $43,000. Finally, EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter valued at about $43,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $420.97 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a market capitalization of $98.28 billion, a P/E ratio of 23.70, a PEG ratio of 1.48 and a beta of 0.27. The firm has a fifty day simple moving average of $460.68 and a two-hundred day simple moving average of $460.68. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The business's revenue was up .2% on a year-over-year basis. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.1%. Lockheed Martin's payout ratio is currently 74.32%.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research report on Wednesday, April 16th. Fifteen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $506.65.

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.

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