Lockheed Martin Co. (NYSE:LMT) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 22.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,153 shares of the aerospace company’s stock after selling 338 shares during the period. Silver Oak Securities Incorporated’s holdings in Lockheed Martin were worth $557,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LMT. Elm3 Financial Group LLC bought a new position in Lockheed Martin in the 4th quarter worth about $637,000. State of Alaska Department of Revenue boosted its position in shares of Lockheed Martin by 13.5% during the fourth quarter. State of Alaska Department of Revenue now owns 31,219 shares of the aerospace company’s stock worth $15,170,000 after buying an additional 3,710 shares during the period. Adero Partners LLC grew its holdings in Lockheed Martin by 2.5% in the 4th quarter. Adero Partners LLC now owns 1,289 shares of the aerospace company’s stock worth $626,000 after buying an additional 32 shares in the last quarter. YANKCOM Partnership acquired a new stake in Lockheed Martin in the 4th quarter valued at approximately $1,142,000. Finally, Trilogy Capital Inc. raised its stake in Lockheed Martin by 6.5% during the 4th quarter. Trilogy Capital Inc. now owns 6,295 shares of the aerospace company’s stock valued at $3,059,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $444.05 on Friday. The stock’s fifty day simple moving average is $486.55 and its 200 day simple moving average is $535.81. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.96 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Analyst Ratings Changes

LMT has been the subject of several recent analyst reports. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

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.