Mitsubishi UFJ Asset Management Co. Ltd. Has $212.58 Million Position in Lockheed Martin Corporation $LMT

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 425,835 shares of the aerospace company’s stock after purchasing an additional 13,226 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $212,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tableaux LLC raised its position in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after purchasing an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after buying an additional 359,748 shares during the last quarter. Vanguard Group Inc. grew its stake in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Holocene Advisors LP bought a new position in Lockheed Martin in the 2nd quarter valued at about $92,628,000. Finally, Natixis lifted its position in Lockheed Martin by 1,478.6% during the second quarter. Natixis now owns 203,859 shares of the aerospace company’s stock worth $94,415,000 after acquiring an additional 190,945 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Jefferies Financial Group upped their target price on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. TD Cowen increased their price objective on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Finally, Robert W. Baird upped their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Stock Performance

NYSE:LMT opened at $641.47 on Friday. The company has a market cap of $147.59 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.17 and a beta of 0.23. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $669.75. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a fifty day moving average price of $578.05 and a 200-day moving average price of $508.04.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the business posted $7.67 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

Lockheed Martin Profile

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.