Sompo Japan Nipponkoa Asset Management CO. LTD. Has $1.60 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 382.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,390 shares of the aerospace company’s stock after purchasing an additional 3,480 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Lockheed Martin were worth $1,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lucia Wealth Services LLC increased its holdings in Lockheed Martin by 78.5% in the second quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock valued at $69,000 after purchasing an additional 84 shares during the period. Cypress Capital Management LLC increased its holdings in Lockheed Martin by 9.4% in the first quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 150 shares during the period. Carroll Financial Associates Inc. increased its holdings in Lockheed Martin by 44.6% in the second quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock valued at $455,000 after purchasing an additional 386 shares during the period. United Asset Strategies Inc. increased its holdings in Lockheed Martin by 1.3% in the first quarter. United Asset Strategies Inc. now owns 4,943 shares of the aerospace company’s stock valued at $1,484,000 after purchasing an additional 62 shares during the period. Finally, Independent Advisor Alliance increased its holdings in Lockheed Martin by 1.5% in the first quarter. Independent Advisor Alliance now owns 20,415 shares of the aerospace company’s stock valued at $6,128,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

In other news, Chairman Marillyn A. Hewson sold 19,500 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now directly owns 46,534 shares in the company, valued at approximately $17,177,560.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 1,003 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the sale, the senior vice president now owns 1,478 shares of the company’s stock, valued at $540,209. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,503 shares of company stock valued at $8,292,527. 0.35% of the stock is currently owned by company insiders.

A number of analysts have weighed in on LMT shares. Morgan Stanley increased their price target on Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a report on Wednesday. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price target for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird increased their price target on Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin presently has an average rating of “Buy” and an average price target of $367.86.

Shares of LMT traded up $3.54 during trading hours on Friday, hitting $377.00. The stock had a trading volume of 816,400 shares, compared to its average volume of 1,203,082. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.20 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $366.95 and a 200-day simple moving average of $332.26. The firm has a market capitalization of $104.19 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.46 and a beta of 0.97. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $381.51.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The company had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $4.31 EPS. Equities analysts predict that Lockheed Martin Co. will post 21.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 annualized dividend and a dividend yield of 2.33%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

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

Recommended Story: The Discount Rate – What You Need to Know

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.