Meiji Yasuda Asset Management Co Ltd. Has $3.73 Million Stock Position in Lockheed Martin Corporation $LMT

Meiji Yasuda Asset Management Co Ltd. lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,355 shares of the aerospace company’s stock after selling 87 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Lockheed Martin were worth $3,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Lockheed Martin in the first quarter valued at $45,000. Finally, Dagco Inc. acquired a new position in shares of Lockheed Martin during the first quarter valued at about $50,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LMT shares. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, UBS Group decreased their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Stock Performance

LMT stock opened at $458.81 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market cap of $107.11 billion, a PE ratio of 25.83, a P/E/G ratio of 1.63 and a beta of 0.26. The business has a 50 day moving average of $446.25 and a 200-day moving average of $457.81. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is 74.32%.

Lockheed Martin Company 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.