Oak Harbor Wealth Partners LLC Decreases Holdings in Lockheed Martin Co. (NYSE:LMT)

Oak Harbor Wealth Partners LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015 shares of the aerospace company’s stock after selling 31 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Lockheed Martin were worth $493,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp boosted its stake in shares of Lockheed Martin by 200.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 6,551 shares of the aerospace company’s stock worth $3,183,000 after acquiring an additional 4,371 shares in the last quarter. Amundi raised its position in shares of Lockheed Martin by 5.6% during the 4th quarter. Amundi now owns 22,132 shares of the aerospace company’s stock worth $10,377,000 after purchasing an additional 1,179 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $66,000. Larson Financial Group LLC raised its position in shares of Lockheed Martin by 21.1% during the 4th quarter. Larson Financial Group LLC now owns 763 shares of the aerospace company’s stock worth $371,000 after purchasing an additional 133 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $1,025,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LMT shares. Wells Fargo & Company lifted their price objective on Lockheed Martin from $468.00 to $476.00 and gave the stock an “equal weight” rating in a research report on Friday. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. UBS Group cut their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $554.20.

Lockheed Martin Stock Up 2.8 %

Shares of Lockheed Martin stock opened at $474.31 on Friday. The company has a fifty day moving average price of $462.89 and a 200 day moving average price of $521.83. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a market cap of $111.65 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. Lockheed Martin’s payout ratio is currently 59.30%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last ninety days. Insiders own 0.17% of the company’s stock.

About Lockheed Martin

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.