Nomura Asset Management Co. Ltd. Increases Holdings in Lockheed Martin Corporation $LMT

Nomura Asset Management Co. Ltd. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,989 shares of the aerospace company’s stock after purchasing an additional 5,167 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lockheed Martin were worth $39,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin during the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth $34,000. MTM Investment Management LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth $36,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin during the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. lifted its position in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Trading Up 1.2%

Shares of NYSE:LMT opened at $471.17 on Tuesday. The business’s 50 day moving average price is $484.47 and its 200-day moving average price is $466.92. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $546.00. The firm has a market capitalization of $109.03 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s payout ratio is currently 77.05%.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial lifted their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Robert W. Baird upped their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Sanford C. Bernstein raised their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin 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.