Nomura Asset Management Co. Ltd. Has $44.61 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Nomura Asset Management Co. Ltd. reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,419 shares of the aerospace company’s stock after selling 1,825 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $44,607,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LMT. Warther Private Wealth LLC grew its position in shares of Lockheed Martin by 86.1% in the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after purchasing an additional 7,575 shares in the last quarter. Herold Advisors Inc. grew its holdings in shares of Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after acquiring an additional 274 shares during the period. Alethea Capital Management LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $415,000. Brandywine Global Investment Management LLC lifted its position in Lockheed Martin by 14.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company’s stock valued at $124,960,000 after acquiring an additional 37,827 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after buying an additional 29 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.1 %

LMT traded up $0.27 during midday trading on Friday, hitting $467.35. 513,802 shares of the company’s stock traded hands, compared to its average volume of 757,857. The company has a market cap of $112.14 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The stock’s fifty day simple moving average is $457.87 and its 200-day simple moving average is $447.35. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal 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 dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LMT shares. Wells Fargo & Company upped their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group lifted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $485.40.

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.