Mitsubishi UFJ Asset Management Co. Ltd. Purchases 28,346 Shares of Lockheed Martin Corporation $LMT

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Lockheed Martin Corporation (NYSE:LMT) by 7.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 412,609 shares of the aerospace company’s stock after buying an additional 28,346 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $191,096,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the second quarter worth about $28,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter valued at about $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. raised its stake in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LMT shares. The Goldman Sachs Group raised their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price target on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Finally, Susquehanna increased their target price on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $513.47.

Insider Buying and Selling

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

Lockheed Martin Price Performance

LMT opened at $457.93 on Friday. The stock has a market cap of $105.96 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a fifty day simple moving average of $483.98 and a 200 day simple moving average of $467.55.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the previous year, the firm earned $6.84 earnings per share. The company’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. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

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

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.