1,812 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Oak Asset Management LLC

Oak Asset Management LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,812 shares of the aerospace company’s stock, valued at approximately $824,000.

A number of other institutional investors have also made changes to their positions in LMT. Rehmann Capital Advisory Group grew its stake in shares of Lockheed Martin by 5.3% during the third quarter. Rehmann Capital Advisory Group now owns 3,975 shares of the aerospace company’s stock worth $1,626,000 after purchasing an additional 200 shares during the period. Waverly Advisors LLC grew its stake in Lockheed Martin by 3.8% in the third quarter. Waverly Advisors LLC now owns 1,177 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 43 shares during the period. Hodges Capital Management Inc. acquired a new position in Lockheed Martin in the third quarter valued at about $369,000. Quadrature Capital Ltd grew its stake in Lockheed Martin by 186.5% in the third quarter. Quadrature Capital Ltd now owns 76,299 shares of the aerospace company’s stock valued at $31,207,000 after acquiring an additional 49,669 shares during the period. Finally, Insigneo Advisory Services LLC grew its stake in Lockheed Martin by 2.5% in the third quarter. Insigneo Advisory Services LLC now owns 4,124 shares of the aerospace company’s stock valued at $1,687,000 after acquiring an additional 102 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group cut their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Performance

LMT opened at $467.10 on Monday. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The firm has a market capitalization of $112.08 billion, a PE ratio of 17.09, a PEG ratio of 4.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The business’s 50-day simple moving average is $464.84 and its 200 day simple moving average is $450.33.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the company posted $6.43 earnings per share. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s payout ratio is presently 46.10%.

Lockheed Martin 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.