Tokio Marine Asset Management Co. Ltd. Has $2.82 Million Position in Lockheed Martin Co. (NYSE:LMT)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 5,803 shares of the aerospace company’s stock after purchasing an additional 248 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $2,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter worth $26,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $32,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.6 %

LMT opened at $462.53 on Monday. The firm has a market cap of $108.87 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.78 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13. The firm’s 50-day simple moving average is $492.29 and its 200-day simple moving average is $536.89. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts anticipate that Lockheed Martin Co. will post 27.09 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.