Norinchukin Bank The Grows Position in Lockheed Martin Corporation $LMT

Key Points

• Norinchukin Bank increased its stake in Lockheed Martin by 16.1%, holding 11,744 shares worth approximately $5.25 million as reported in their recent SEC filing.
• Multiple institutional investors, including Entropy Technologies LP and PTM Wealth Management, have also adjusted their positions, reflecting strong interest in Lockheed Martin's stock.
• Lockheed Martin reported earnings of $7.29 per share for the last quarter, exceeding estimates, along with a 3.0% annualized dividend yield following their recent dividend announcement.

Norinchukin Bank The grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,744 shares of the aerospace company's stock after buying an additional 1,630 shares during the quarter. Norinchukin Bank The's holdings in Lockheed Martin were worth $5,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Banque Transatlantique SA purchased a new stake in shares of Lockheed Martin during the 4th quarter worth about $43,000. EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LMT. UBS Group lowered their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $1.4680 during trading on Friday, hitting $445.7320. The company had a trading volume of 1,889,568 shares, compared to its average volume of 1,677,251. The stock has a fifty day simple moving average of $448.65 and a two-hundred day simple moving average of $456.40. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a market capitalization of $104.06 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. 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 announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the business earned $7.11 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued 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 3.0%. Lockheed Martin's dividend 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.