Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Ocean Capital Management LLC

Ocean Capital Management LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,311 shares of the aerospace company’s stock after buying an additional 1,077 shares during the period. Lockheed Martin comprises 1.7% of Ocean Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Ocean Capital Management LLC’s holdings in Lockheed Martin were worth $4,220,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Comerica Bank acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $280,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $31,000. CGC Financial Services LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth about $31,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $35,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $491.92.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $454.90 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market capitalization of $109.40 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 4.17 and a beta of 0.48. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The company’s 50-day simple moving average is $433.47 and its 200-day simple moving average is $438.48.

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 return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter last year, the business posted $7.79 EPS. Lockheed Martin’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

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.