Hikari Tsushin Inc. Sells 1,355 Shares of Lockheed Martin Corporation $LMT

Hikari Tsushin Inc. lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,438 shares of the aerospace company’s stock after selling 1,355 shares during the quarter. Lockheed Martin comprises 1.0% of Hikari Tsushin Inc.’s portfolio, making the stock its 13th biggest holding. Hikari Tsushin Inc.’s holdings in Lockheed Martin were worth $14,097,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LMT. Entropy Technologies LP lifted its holdings in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC bought a new stake in shares of Lockheed Martin in the 1st quarter valued at approximately $377,000. Empowered Funds LLC boosted its holdings in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the period. Laffer Tengler Investments Inc. increased its position in shares of Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after purchasing an additional 5,781 shares during the last quarter. Finally, Modera Wealth Management LLC raised its holdings in Lockheed Martin by 3.1% during the 2nd quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after buying an additional 971 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $470.06 on Thursday. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $546.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company’s 50 day moving average is $484.94 and its 200 day moving average is $466.96.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter last year, the firm earned $6.84 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.9%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.05%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LMT shares. Susquehanna boosted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Morgan Stanley increased their price target on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $513.47.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.