Mizuho Securities Co. Ltd. Takes Position in Lockheed Martin Co. (NYSE:LMT)

Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 130 shares of the aerospace company’s stock, valued at approximately $61,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in shares of Lockheed Martin by 1,454.4% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 80,329 shares of the aerospace company’s stock worth $36,408,000 after purchasing an additional 75,161 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Lockheed Martin by 7.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,989 shares of the aerospace company’s stock valued at $3,168,000 after buying an additional 500 shares during the period. Natixis Advisors L.P. lifted its holdings in Lockheed Martin by 14.0% in the fourth quarter. Natixis Advisors L.P. now owns 84,417 shares of the aerospace company’s stock valued at $38,261,000 after buying an additional 10,343 shares during the period. Aveo Capital Partners LLC lifted its holdings in Lockheed Martin by 4.1% in the fourth quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock valued at $300,000 after buying an additional 26 shares during the period. Finally, LSV Asset Management lifted its holdings in Lockheed Martin by 2.5% in the fourth quarter. LSV Asset Management now owns 422,173 shares of the aerospace company’s stock valued at $191,346,000 after buying an additional 10,376 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT stock traded up $1.25 during trading hours on Friday, reaching $568.10. The stock had a trading volume of 1,082,809 shares, compared to its average volume of 934,914. The stock has a market capitalization of $135.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 4.56 and a beta of 0.46. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The stock has a 50-day simple moving average of $514.24 and a 200 day simple moving average of $473.84. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $569.09.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $6.73 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America restated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a report on Friday. Susquehanna upped their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada raised shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $500.00 to $600.00 in a research note on Monday, August 5th. Finally, Wells Fargo & Company upped their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $541.85.

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.