Rakuten Investment Management Inc. Has $16.79 Million Holdings in Lockheed Martin Corporation $LMT

Rakuten Investment Management Inc. raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,446 shares of the aerospace company's stock after purchasing an additional 3,109 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Lockheed Martin were worth $16,792,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $25,000. Basso Capital Management L.P. bought a new position in Lockheed Martin during the fourth quarter worth $25,000. Burnham & Co LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $25,000. Triumph Capital Management grew its stake in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 22 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $26,000. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LMT. Royal Bank Of Canada boosted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. Finally, Morgan Stanley lifted their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $563.82 on Friday. The stock has a market capitalization of $130.12 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a fifty day moving average of $551.70 and a 200-day moving average of $573.75. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin's dividend payout ratio (DPR) is currently 50.87%.

About Lockheed Martin

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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