Mufg Securities Americas Inc. Acquires 920 Shares of Lockheed Martin Corporation $LMT

Mufg Securities Americas Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,541 shares of the aerospace company’s stock after acquiring an additional 920 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Lockheed Martin were worth $2,766,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in Lockheed Martin in the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new position in Lockheed Martin during the second quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $35,000. Finally, MTM Investment Management LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research note on Tuesday, February 3rd. UBS Group lifted their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday, January 30th. Royal Bank Of Canada raised their price objective on Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $659.80 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The company’s fifty day simple moving average is $567.39 and its 200-day simple moving average is $504.43. The firm has a market cap of $151.81 billion, a PE ratio of 30.70, a P/E/G ratio of 1.19 and a beta of 0.23. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $669.75.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.67 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be paid a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

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.