The Manufacturers Life Insurance Company Acquires 278,121 Shares of Lockheed Martin Corporation $LMT

Key Points

• The Manufacturers Life Insurance Company increased its stake in Lockheed Martin Corporation by 59.3%, purchasing an additional 278,121 shares in the first quarter, bringing its total ownership to approximately $333.9 million.
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, which reflects an annualized dividend yield of 2.9%.
• Wall Street analysts have mixed ratings for Lockheed Martin, with an average price target of $506.35 and ratings ranging from "Strong Buy" to "Hold".

The Manufacturers Life Insurance Company boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 747,373 shares of the aerospace company's stock after acquiring an additional 278,121 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.32% of Lockheed Martin worth $333,859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. OMNI 360 Wealth Inc. increased its stake in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares in the last quarter. 49 Wealth Management LLC increased its stake in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after purchasing an additional 22 shares in the last quarter. Tyler Stone Wealth Management increased its stake in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after purchasing an additional 22 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after purchasing an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC grew its stake in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on LMT shares. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. TD Cowen reaffirmed a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reduced their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One equities research 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. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average price target of $506.35.

Lockheed Martin Stock Performance

Shares of LMT traded down $0.08 during mid-day trading on Tuesday, hitting $452.25. The company's stock had a trading volume of 1,322,264 shares, compared to its average volume of 1,661,486. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a market capitalization of $105.58 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.26. The stock's 50-day moving average is $446.65 and its two-hundred day moving average is $456.99.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 2.9%. Lockheed Martin's dividend payout ratio (DPR) 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.