Nikko Asset Management Americas Inc. Sells 5,351 Shares of Lockheed Martin Co. (NYSE:LMT)

Nikko Asset Management Americas Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,976 shares of the aerospace company’s stock after selling 5,351 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Lockheed Martin were worth $6,306,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter valued at about $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter worth about $42,000. Sugar Maple Asset Management LLC bought a new position in Lockheed Martin during the fourth quarter worth about $47,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $467.07 on Monday. The company has a market capitalization of $109.94 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company’s 50-day moving average is $461.39 and its 200 day moving average is $518.19.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $554.20.

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.