West Oak Capital LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

West Oak Capital LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,114 shares of the aerospace company’s stock after selling 50 shares during the quarter. Lockheed Martin makes up 1.1% of West Oak Capital LLC’s holdings, making the stock its 25th largest holding. West Oak Capital LLC’s holdings in Lockheed Martin were worth $2,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Herold Advisors Inc. boosted its holdings in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after buying an additional 770 shares in the last quarter. Alethea Capital Management LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at $415,000. Meridian Wealth Management LLC increased its stake in shares of Lockheed Martin by 149.0% during the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after buying an additional 7,156 shares during the period. Finally, Central Bank & Trust Co. raised its holdings in shares of Lockheed Martin by 1.6% in the third quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock valued at $1,352,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 0.5 %

Lockheed Martin stock traded down $2.28 during midday trading on Thursday, reaching $454.50. The company’s stock had a trading volume of 277,835 shares, compared to its average volume of 1,161,202. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The stock has a market capitalization of $109.30 billion, a P/E ratio of 16.59, a PEG ratio of 4.08 and a beta of 0.48. The stock’s 50-day simple moving average is $433.46 and its 200-day simple moving average is $438.35. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $508.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same period last year, the business earned $7.79 EPS. Lockheed Martin’s revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a $3.15 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup reduced their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average price target of $491.92.

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.