Daiwa Securities Group Inc. Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Daiwa Securities Group Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,527 shares of the aerospace company’s stock after buying an additional 1,708 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lockheed Martin were worth $10,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LMT. Aveo Capital Partners LLC boosted its stake in Lockheed Martin by 4.1% during the 4th quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 26 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in Lockheed Martin by 111.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock valued at $1,026,000 after acquiring an additional 1,209 shares in the last quarter. Advisor OS LLC raised its holdings in Lockheed Martin by 31.0% in the 4th quarter. Advisor OS LLC now owns 1,250 shares of the aerospace company’s stock valued at $566,000 after acquiring an additional 296 shares during the last quarter. Quotient Wealth Partners LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $930,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Lockheed Martin by 4.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226,424 shares of the aerospace company’s stock worth $103,956,000 after purchasing an additional 9,104 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $572.19 on Wednesday. The business’s fifty day moving average price is $528.67 and its 200 day moving average price is $481.35. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $578.73. The company has a market capitalization of $136.39 billion, a PE ratio of 20.94, a P/E/G ratio of 4.55 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion for 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 business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.73 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.20%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analysts Set New Price Targets

Several equities research analysts recently commented on LMT shares. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Susquehanna lifted their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $553.43.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.