Oakworth Capital Inc. Buys 635 Shares of Lockheed Martin Co. (NYSE:LMT)

Oakworth Capital Inc. raised its stake in Lockheed Martin Co. (NYSE:LMT) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,515 shares of the aerospace company’s stock after buying an additional 635 shares during the period. Oakworth Capital Inc.’s holdings in Lockheed Martin were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Triumph Capital Management grew its position in shares of Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC lifted its stake in shares of Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares during the period. Elevated Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 3.5% in the 3rd quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 24 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $0.07 during trading on Wednesday, hitting $454.38. The company’s stock had a trading volume of 470,891 shares, compared to its average volume of 1,158,025. The company has a market cap of $109.27 billion, a PE ratio of 16.49, a P/E/G ratio of 4.13 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The business has a fifty day moving average of $438.14 and a 200-day moving average of $442.02. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the business posted $7.79 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. Lockheed Martin’s payout ratio is 45.74%.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley dropped their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Susquehanna dropped their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $493.36.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated 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 can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. 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. 0.14% of the stock is currently owned by insiders.

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.