Lockheed Martin Co. (NYSE:LMT) Shares Bought by SVB Wealth LLC

SVB Wealth LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 5,255 shares of the aerospace company’s stock after buying an additional 228 shares during the period. SVB Wealth LLC’s holdings in Lockheed Martin were worth $2,382,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $280,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Lockheed Martin in the 4th quarter valued at about $31,000. Activest Wealth Management raised its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Finally, KB Financial Partners LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly 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. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMT. UBS Group dropped their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a research note on Monday. Citigroup dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Stock Performance

NYSE:LMT opened at $456.05 on Thursday. 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 $109.68 billion, a P/E ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The company has a 50 day moving average price of $438.66 and a 200 day moving average price of $442.12. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share 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 firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter last year, the company posted $7.79 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.76%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

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.