Oakworth Capital Inc. Has $1.59 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Oakworth Capital Inc. grew its holdings 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 (SEC). The firm owned 3,515 shares of the aerospace company’s stock after purchasing 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.

Other large investors also recently made changes to their positions in the company. Lee Financial Co increased its holdings in Lockheed Martin by 367.6% in the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after buying an additional 375 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Lockheed Martin by 240.0% during the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after purchasing an additional 2,911 shares during the last quarter. Sei Investments Co. grew its holdings in Lockheed Martin by 56.8% during the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after purchasing an additional 8,389 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Lockheed Martin by 18.4% during the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after purchasing an additional 4,472 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Lockheed Martin by 20.4% during the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly 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. Over the last three months, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Finally, Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Price Performance

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

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

Lockheed Martin Announces Dividend

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

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.