Silver Oak Securities Incorporated Acquires 965 Shares of Lockheed Martin Co. (NYSE:LMT)

Silver Oak Securities Incorporated boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 122.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,755 shares of the aerospace company’s stock after purchasing an additional 965 shares during the period. Silver Oak Securities Incorporated’s holdings in Lockheed Martin were worth $796,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Magnus Financial Group LLC increased its stake in shares of Lockheed Martin by 8.1% in the fourth quarter. Magnus Financial Group LLC now owns 4,607 shares of the aerospace company’s stock valued at $2,088,000 after buying an additional 344 shares during the period. Gitterman Wealth Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $200,000. Legacy Capital Wealth Partners LLC boosted its holdings in Lockheed Martin by 2.6% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,477 shares of the aerospace company’s stock valued at $670,000 after acquiring an additional 37 shares during the last quarter. Paradigm Financial Partners LLC increased its position in Lockheed Martin by 6.7% during the 4th quarter. Paradigm Financial Partners LLC now owns 5,308 shares of the aerospace company’s stock valued at $2,406,000 after purchasing an additional 335 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in Lockheed Martin by 7.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,489 shares of the aerospace company’s stock worth $675,000 after purchasing an additional 108 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the 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 of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $467.56 on Tuesday. The stock has a market cap of $112.19 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.22 and a beta of 0.48. The business’s fifty day moving average is $444.61 and its 200 day moving average is $444.82. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $6.43 earnings per share. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LMT shares. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Morgan Stanley decreased their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, Citigroup boosted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $485.40.

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.