Lockheed Martin Corporation $LMT Shares Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its position in Lockheed Martin Corporation (NYSE:LMT) by 24.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,621 shares of the aerospace company’s stock after purchasing an additional 913 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Lockheed Martin were worth $2,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LMT. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% during the first 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 acquired a new position in shares of Lockheed Martin during the first quarter worth $221,790,000. AQR Capital Management LLC increased its holdings in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after acquiring an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after purchasing an additional 302,684 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after acquiring an additional 278,121 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $460.15 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $546.00. The company has a 50-day simple moving average of $484.68 and a 200-day simple moving average of $466.89. The company has a market capitalization of $106.48 billion, a PE ratio of 25.69, a P/E/G ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the previous year, the firm earned $6.84 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. Bank of America cut their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Truist Financial boosted their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $513.47.

About Lockheed Martin

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.