Lockheed Martin Corporation $LMT Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,505 shares of the aerospace company’s stock after buying an additional 1,150 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $43,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the fourth quarter worth about $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $26,000. Triumph Capital Management raised its position in shares of 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 purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT opened at $527.65 on Thursday. The firm has a fifty day moving average price of $521.34 and a 200 day moving average price of $570.48. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The stock has a market cap of $121.65 billion, a P/E ratio of 25.55, a P/E/G ratio of 0.97 and a beta of 0.11. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 during 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 company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.93 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued 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 yield of 2.6%. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Key Headlines Impacting 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

Wall Street Analyst Weigh In

Several research firms have weighed in on LMT. Royal Bank Of Canada dropped 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 report on Friday, April 24th. TD Cowen decreased their price target on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. Bank of America lowered their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Jefferies Financial Group set a $575.00 price objective on shares of Lockheed Martin in a report on Thursday, June 25th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average 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.