Meiji Yasuda Life Insurance Co Sells 1,216 Shares of Lockheed Martin Corporation $LMT

Meiji Yasuda Life Insurance Co lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 73.5% during the second quarter, Holdings Channel reports. The fund owned 439 shares of the aerospace company’s stock after selling 1,216 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Lockheed Martin were worth $224,000 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. World Investment Advisors increased its position in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares during the period. SG Americas Securities LLC boosted its holdings in Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after purchasing an additional 14,150 shares during the period. Norris Financial Group LLC bought a new stake in Lockheed Martin in the 1st quarter valued at about $2,321,000. Legal Advantage Investments Inc. acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $1,451,000. Finally, Versor Investments LP grew its position in Lockheed Martin by 220.4% during the fourth quarter. Versor Investments LP now owns 5,997 shares of the aerospace company’s stock worth $2,901,000 after buying an additional 4,125 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. TD Cowen dropped their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $563.82 on Monday. The business’s 50-day moving average price is $551.70 and its 200-day moving average price is $573.30. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The firm has a market capitalization of $130.12 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. 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 (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Lockheed Martin Company 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.