Resona Asset Management Co. Ltd. Raises Stock Position in Lockheed Martin Corporation $LMT

Resona Asset Management Co. Ltd. boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.6% in the first quarter, HoldingsChannel.com reports. The fund owned 71,505 shares of the aerospace company’s stock after purchasing an additional 1,150 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $43,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter valued at about $26,000. Triumph Capital Management lifted its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares in the last quarter. Finally, Bard Associates Inc. purchased a new position in Lockheed Martin in the 4th quarter valued at about $27,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won two U.S. defense contracts worth more than $607 million, adding to its backlog and reinforcing steady demand across its defense programs. Lockheed Martin wins two U.S. defense contracts worth over $607M
• Positive Sentiment: Lockheed Martin and Rheinmetall advanced a plan to co-produce ATACMS missiles in Germany, while NATO allies also accelerated PAC-3 sustainment efforts in Europe, signaling expanding international demand for Lockheed’s missile systems. Reuters article on ATACMS co-production in Germany
• Positive Sentiment: Reports from the NATO summit highlighted billions in defense deals and rising European spending, which could support future orders for Lockheed Martin’s missiles, F-35s and other systems. Reuters article on NATO arms deals
• Neutral Sentiment: Lockheed Martin was also mentioned in a story about a White House helipad funded by its Sikorsky unit; this is more of a headline item than a meaningful earnings driver. Business Insider helipad article
• Negative Sentiment: Despite the contract wins, recent coverage says Lockheed Martin continues to face program execution challenges, and the stock has lagged its industry over the past month, which may be weighing on sentiment. Zacks article on pullback and execution challenges

Lockheed Martin Trading Down 1.4%

LMT opened at $527.65 on Thursday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company’s 50 day simple moving average is $521.34 and its two-hundred day simple moving average is $570.48. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The firm has a market capitalization of $121.65 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 0.97 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company 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%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts expect that Lockheed Martin Corporation will post 29.93 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LMT shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Weiss Ratings cut Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price objective for the company from $571.00 to $582.00 in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada lowered their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $609.68.

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.