Meiji Yasuda Asset Management Co Ltd. Has $5 Million Stock Holdings in Lockheed Martin Corporation $LMT

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 96.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,332 shares of the aerospace company’s stock after purchasing an additional 5,073 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Lockheed Martin were worth $4,997,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LMT. Oppenheimer & Co. Inc. lifted its stake in shares of Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after acquiring an additional 3,352 shares during the last quarter. Welch Group LLC lifted its stake in shares of Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after acquiring an additional 1,999 shares during the last quarter. Jain Global LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at $38,064,000. Atlantic Union Bankshares Corp lifted its stake in shares of Lockheed Martin by 182.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock valued at $18,478,000 after acquiring an additional 23,888 shares during the last quarter. Finally, Clough Capital Partners L P bought a new position in shares of Lockheed Martin in the 3rd quarter valued at $31,018,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 2.1%

Shares of NYSE:LMT opened at $533.57 on Friday. The firm has a market cap of $123.02 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.95 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The business has a fifty day simple moving average of $577.71 and a 200 day simple moving average of $556.03.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the business earned $7.28 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Royal Bank Of Canada lowered their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. TD Cowen lowered their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $620.68.

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.