Nomura Holdings Inc. Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Nomura Holdings Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 129.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,359 shares of the aerospace company’s stock after buying an additional 5,849 shares during the period. Nomura Holdings Inc.’s holdings in Lockheed Martin were worth $5,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its holdings in shares of Lockheed Martin by 104.8% in the 4th quarter. NorthRock Partners LLC now owns 3,268 shares of the aerospace company’s stock valued at $1,588,000 after acquiring an additional 1,672 shares during the last quarter. Occudo Quantitative Strategies LP increased its stake in Lockheed Martin by 133.3% in the fourth quarter. Occudo Quantitative Strategies LP now owns 9,427 shares of the aerospace company’s stock valued at $4,581,000 after purchasing an additional 5,387 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Lockheed Martin by 1.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 7,994 shares of the aerospace company’s stock worth $3,885,000 after purchasing an additional 152 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $55,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Lockheed Martin by 24.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 137,466 shares of the aerospace company’s stock valued at $66,800,000 after buying an additional 26,847 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LMT. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research note on Wednesday, April 16th. Finally, Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $541.80.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Trading Up 3.3%

NYSE LMT opened at $464.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $108.76 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The firm has a 50-day moving average price of $461.25 and a 200 day moving average price of $480.58.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.84%. Lockheed Martin’s payout ratio is currently 57.02%.

About Lockheed Martin

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.