Sompo Japan Nipponkoa Asset Management CO. LTD. Acquires 5,550 Shares of Lockheed Martin Co. (NYSE:LMT)

Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 48.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,090 shares of the aerospace company’s stock after purchasing an additional 5,550 shares during the period. Lockheed Martin comprises 1.5% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 20th biggest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Lockheed Martin were worth $5,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. Capital International Investors raised its stake in shares of Lockheed Martin by 18.6% in the fourth quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock valued at $868,556,000 after acquiring an additional 350,205 shares during the last quarter. GQG Partners LLC raised its stake in shares of Lockheed Martin by 68.2% in the fourth quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock valued at $245,737,000 after acquiring an additional 255,687 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Lockheed Martin by 144.8% in the fourth quarter. First Trust Advisors LP now owns 380,732 shares of the aerospace company’s stock valued at $148,249,000 after acquiring an additional 225,225 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Lockheed Martin by 444.0% in the fourth quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock valued at $93,179,000 after acquiring an additional 195,309 shares during the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of Lockheed Martin by 9,334.9% in the fourth quarter. NorthRock Partners LLC now owns 149,260 shares of the aerospace company’s stock valued at $709,000 after acquiring an additional 147,678 shares during the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.

A number of analysts recently weighed in on LMT shares. Susquehanna Bancshares raised their price target on shares of Lockheed Martin from $428.00 to $503.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price target for the company in a report on Wednesday, March 25th. Buckingham Research raised their price target on shares of Lockheed Martin from $450.00 to $507.00 and gave the company a “buy” rating in a report on Friday, February 7th. Argus lowered their price target on shares of Lockheed Martin from $475.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. They noted that the move was a valuation call. Finally, Cowen started coverage on shares of Lockheed Martin in a report on Tuesday, April 21st. They issued a “buy” rating and a $410.00 price target for the company. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $439.00.

LMT traded up $0.18 during trading on Friday, reaching $369.00. 752,010 shares of the company’s stock were exchanged, compared to its average volume of 1,363,502. The company’s fifty day moving average price is $373.39 and its 200-day moving average price is $387.36. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.00 and a current ratio of 1.23. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The firm has a market capitalization of $103.43 billion, a PE ratio of 16.75, a P/E/G ratio of 2.21 and a beta of 0.98.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.08 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.28. The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.07 billion. Lockheed Martin had a net margin of 10.21% and a return on equity of 185.10%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.99 EPS. Research analysts forecast that Lockheed Martin Co. will post 24.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $2.40 per share. The ex-dividend date is Friday, May 29th. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.60%. Lockheed Martin’s dividend payout ratio is 43.74%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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