Meiji Yasuda Asset Management Co Ltd. Makes New $2.72 Million Investment in Lockheed Martin Corporation $LMT

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 5,339 shares of the aerospace company’s stock, valued at approximately $2,720,000.

Other large investors have also recently added to or reduced their stakes in the company. Clarion Wealth Managment Partners LLC bought a new stake in shares of Lockheed Martin in the second quarter worth $299,000. Globeflex Capital L P bought a new position in Lockheed Martin in the second quarter worth about $129,000. LM Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at $813,000. Berry Wealth Group LP bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $214,000. Finally, Haverford Trust Co acquired a new position in Lockheed Martin during the 2nd quarter worth $20,460,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.0%

NYSE:LMT opened at $563.65 on Tuesday. The stock has a market cap of $130.08 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock’s 50-day moving average is $548.48 and its two-hundred day moving average is $574.85.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. UBS Group reaffirmed a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $632.39.

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.