Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,157 shares of the aerospace company’s stock after buying an additional 1,047 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lockheed Martin were worth $9,136,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Activest Wealth Management boosted its holdings in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $31,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $33,000. Finally, Providence Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LMT shares. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Susquehanna cut their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Finally, Citigroup cut their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $493.36.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Up 0.0 %

Shares of NYSE LMT opened at $456.09 on Friday. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $503.33. The firm has a market cap of $109.69 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.16 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock’s 50-day simple moving average is $439.25 and its 200-day simple moving average is $442.21.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period in the previous year, the company earned $7.79 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

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.