Nomura Holdings Inc. Sells 1,337 Shares of Lockheed Martin Corporation $LMT

Key Points

• Nomura Holdings Inc. has reduced its holdings in Lockheed Martin Corporation by 12.9%, selling 1,337 shares and retaining a total of 9,022 shares worth approximately $4,030,000.
• Lockheed Martin recently had its earnings results posted, reporting $7.29 earnings per share, exceeding estimates, alongside $18.16 billion in revenue for the quarter.
• The company will distribute a quarterly dividend of $3.30 on September 26th, with an annualized yield of 2.9%.

Nomura Holdings Inc. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,022 shares of the aerospace company's stock after selling 1,337 shares during the period. Nomura Holdings Inc.'s holdings in Lockheed Martin were worth $4,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $35,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin in the 4th quarter worth $43,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin in the 1st quarter worth $45,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LMT shares. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Susquehanna dropped their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Price Performance

NYSE LMT opened at $455.58 on Tuesday. The company has a market capitalization of $106.36 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The business's fifty day moving average is $446.65 and its 200 day moving average is $456.99. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

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.

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