Silver Oak Securities Incorporated Has $796,000 Position in Lockheed Martin Co. (NYSE:LMT)

Silver Oak Securities Incorporated increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 122.2% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 hedge funds have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC grew its position in Lockheed Martin by 8.1% in the 4th quarter. Magnus Financial Group LLC now owns 4,607 shares of the aerospace company’s stock worth $2,088,000 after purchasing an additional 344 shares during the last quarter. Gitterman Wealth Management LLC bought a new position in Lockheed Martin during the fourth quarter valued at about $200,000. Legacy Capital Wealth Partners LLC increased its stake in Lockheed Martin by 2.6% during 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 period. Paradigm Financial Partners LLC lifted its position in shares of Lockheed Martin by 6.7% in the 4th quarter. Paradigm Financial Partners LLC now owns 5,308 shares of the aerospace company’s stock worth $2,406,000 after acquiring an additional 335 shares during the period. Finally, Transcend Capital Advisors LLC grew its holdings in shares of 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 in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.4 %

Shares of LMT opened at $467.56 on Tuesday. The business’s 50 day simple moving average is $444.61 and its 200-day simple moving average is $444.82. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a market capitalization of $112.19 billion, a P/E ratio of 17.11, a PEG ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 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 company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the prior year, the business earned $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. UBS Group raised their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Company increased their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $485.40.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated 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 completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at $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. Insiders own 0.14% of the company’s stock.

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.