Lockheed Martin Corporation $LMT Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 140.7% during the 4th quarter, HoldingsChannel reports. The firm owned 27,062 shares of the aerospace company’s stock after buying an additional 15,818 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Lockheed Martin were worth $13,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in Lockheed Martin during the 4th quarter worth approximately $53,000. L2 Asset Management LLC grew its position in Lockheed Martin by 39.5% during the 4th quarter. L2 Asset Management LLC now owns 1,232 shares of the aerospace company’s stock worth $596,000 after purchasing an additional 349 shares in the last quarter. Islay Capital Management LLC grew its position in Lockheed Martin by 5.6% during the 4th quarter. Islay Capital Management LLC now owns 5,438 shares of the aerospace company’s stock worth $2,630,000 after purchasing an additional 290 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new position in Lockheed Martin during the 4th quarter worth approximately $452,000. Finally, 71 West Capital Partners purchased a new position in Lockheed Martin during the 4th quarter worth approximately $442,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LMT. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup lowered their price target on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Weiss Ratings cut shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. BNP Paribas Exane lowered their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Finally, Morgan Stanley lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin Stock Down 2.0%

LMT stock opened at $529.54 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a fifty day simple moving average of $546.26 and a 200 day simple moving average of $563.73. The firm has a market cap of $122.09 billion, a PE ratio of 25.64, a PEG ratio of 0.98 and a beta of 0.10.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 yield of 2.6%. Lockheed Martin’s 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.