Mizuho Securities USA LLC Has $6.91 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Mizuho Securities USA LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 28.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,815 shares of the aerospace company's stock after selling 4,653 shares during the period. Mizuho Securities USA LLC's holdings in Lockheed Martin were worth $6,907,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares during the period. Legal & General Group Plc boosted its holdings in shares of Lockheed Martin by 14.9% in the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock valued at $646,828,000 after buying an additional 180,074 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lockheed Martin by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock valued at $546,144,000 after buying an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. boosted its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after buying an additional 1,019,281 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd. Susquehanna reduced their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. Bank of America reaffirmed a "buy" rating and issued a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Finally, Barclays upped their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $611.00.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE:LMT traded down $4.16 during mid-day trading on Friday, hitting $534.83. The stock had a trading volume of 1,757,312 shares, compared to its average volume of 1,182,871. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market cap of $126.78 billion, a PE ratio of 19.36, a P/E/G ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company's 50 day moving average is $576.52 and its 200-day moving average is $524.79.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's dividend payout ratio is currently 45.62%.

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.