Lockheed Martin Co. (NYSE:LMT) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 98,419 shares of the aerospace company’s stock after selling 1,825 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $44,607,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $26,000. Activest Wealth Management increased its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the period. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the third quarter worth approximately $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin during the third quarter worth approximately $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. UBS Group lifted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Up 0.1 %

Shares of Lockheed Martin stock traded up $0.27 during midday trading on Friday, hitting $467.35. The company’s stock had a trading volume of 513,802 shares, compared to its average volume of 757,857. The firm has a market capitalization of $112.14 billion, a P/E ratio of 17.10, a PEG ratio of 4.40 and a beta of 0.46. The stock has a 50-day simple moving average of $457.87 and a 200-day simple moving average of $447.35. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $6.43 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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.