Nuance Investments LLC Buys 14,401 Shares of Lockheed Martin Co. (NYSE:LMT)

Nuance Investments LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 36.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,358 shares of the aerospace company's stock after purchasing an additional 14,401 shares during the quarter. Nuance Investments LLC's holdings in Lockheed Martin were worth $25,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company's stock valued at $1,668,000 after acquiring an additional 2,019 shares during the last quarter. Morningstar Investment Services LLC grew its position in Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company's stock valued at $66,697,000 after acquiring an additional 73,774 shares during the last quarter. Brevan Howard Capital Management LP grew its position in Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company's stock valued at $3,228,000 after acquiring an additional 5,736 shares during the last quarter. New Mexico Educational Retirement Board grew its position in Lockheed Martin by 20.5% during the first quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company's stock valued at $6,222,000 after acquiring an additional 2,400 shares during the last quarter. Finally, American National Bank grew its position in Lockheed Martin by 26.8% during the first quarter. American National Bank now owns 36,577 shares of the aerospace company's stock valued at $16,638,000 after acquiring an additional 7,731 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on LMT shares. Wells Fargo & Company increased their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research note on Tuesday, September 3rd. Susquehanna lifted their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a "positive" rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised shares of Lockheed Martin from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $500.00 to $600.00 in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and lifted their target price for the stock from $540.00 to $600.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $553.43.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the company's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company's stock.

Lockheed Martin Stock Up 0.3 %

Shares of LMT stock traded up $1.64 during mid-day trading on Friday, reaching $569.91. 638,245 shares of the company's stock traded hands, compared to its average volume of 1,060,754. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $578.73. The company has a market cap of $135.84 billion, a P/E ratio of 20.85, a P/E/G ratio of 4.55 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The company's 50-day moving average price is $534.89 and its 200-day moving average price is $483.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts' consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion for the quarter, compared to analysts' expectations of $17.05 billion. During the same quarter in the previous year, the business posted $6.73 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 46.10%.

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.