Lockheed Martin Corporation $LMT Shares Sold by Hikari Tsushin Inc.

Hikari Tsushin Inc. cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,045 shares of the aerospace company’s stock after selling 1,393 shares during the quarter. Lockheed Martin accounts for about 0.9% of Hikari Tsushin Inc.’s investment portfolio, making the stock its 15th largest holding. Hikari Tsushin Inc.’s holdings in Lockheed Martin were worth $14,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Wellington Management Group LLP lifted its position in Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after buying an additional 79,491 shares during the last quarter. Invesco Ltd. increased its position in shares of Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after acquiring an additional 87,663 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after acquiring an additional 10,349 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Lockheed Martin by 7.4% in the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after acquiring an additional 99,403 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Lockheed Martin by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock valued at $510,662,000 after acquiring an additional 63,430 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LMT. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Susquehanna decreased their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company began coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $595.00 price objective on shares of Lockheed Martin in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Trading Up 4.6%

NYSE LMT opened at $548.92 on Friday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a market cap of $126.56 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10. The firm has a 50 day simple moving average of $549.70 and a 200-day simple moving average of $562.57. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

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

Lockheed Martin Announces Dividend

The business 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 dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

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.