Oxbow Advisors LLC acquired a new position in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 710 shares of the aerospace company’s stock, valued at approximately $276,000.
Other institutional investors have also recently added to or reduced their stakes in the company. KCS Wealth Advisory purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $37,000. Samalin Investment Counsel LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $37,000. Security National Trust Co. purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $39,000. Savior LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $61,000. Finally, Bridger Capital Management LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $71,000. Institutional investors own 78.91% of the company’s stock.
Shares of NYSE:LMT opened at $437.85 on Friday. The company has a market cap of $122.56 billion, a P/E ratio of 19.96, a PEG ratio of 2.73 and a beta of 0.93. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.96 and a current ratio of 1.22. Lockheed Martin Co. has a one year low of $292.53 and a one year high of $442.53. The business’s 50-day simple moving average is $421.27 and its 200 day simple moving average is $391.92.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, beating the consensus estimate of $5.03 by $0.26. Lockheed Martin had a return on equity of 198.95% and a net margin of 10.42%. The business had revenue of $15.88 billion for the quarter, compared to the consensus estimate of $15.28 billion. During the same period last year, the business posted $4.39 EPS. The company’s revenue was up 10.2% on a year-over-year basis. Analysts predict that Lockheed Martin Co. will post 24.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a dividend of $2.40 per share. The ex-dividend date is Friday, February 28th. This represents a $9.60 annualized dividend and a yield of 2.19%. Lockheed Martin’s dividend payout ratio is presently 43.74%.
In other Lockheed Martin news, CEO Marillyn A. Hewson sold 22,000 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $436.12, for a total transaction of $9,594,640.00. Following the sale, the chief executive officer now directly owns 55,554 shares in the company, valued at approximately $24,228,210.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maryanne Lavan sold 6,500 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $435.60, for a total value of $2,831,400.00. Following the sale, the senior vice president now owns 6,200 shares in the company, valued at $2,700,720. The disclosure for this sale can be found here. Insiders have sold a total of 39,793 shares of company stock worth $17,313,473 over the last 90 days. 0.35% of the stock is owned by company insiders.
Several equities research analysts recently commented on the company. Alembic Global Advisors downgraded Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 target price on the stock. in a report on Wednesday, January 29th. Cowen assumed coverage on Lockheed Martin in a report on Tuesday, January 28th. They set a “buy” rating and a $454.00 target price on the stock. Buckingham Research raised their target price on Lockheed Martin from $450.00 to $507.00 and gave the company a “buy” rating in a report on Friday, February 7th. Argus raised their target price on Lockheed Martin to and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on Lockheed Martin from $406.00 to $440.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and a consensus target price of $442.47.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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