527,532 Shares in Lockheed Martin Corporation $LMT Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 527,532 shares of the aerospace company’s stock, valued at approximately $268,757,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of Lockheed Martin at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the fourth quarter worth $26,000. Triumph Capital Management increased its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $27,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 2.4%

Lockheed Martin stock opened at $594.26 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a fifty day simple moving average of $544.00 and a 200 day simple moving average of $576.42. The company has a market cap of $137.15 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued 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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Bank of America reduced their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their target price on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.