Westover Capital Advisors LLC Has $321,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Westover Capital Advisors LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 9.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 708 shares of the aerospace company’s stock after purchasing an additional 64 shares during the period. Westover Capital Advisors LLC’s holdings in Lockheed Martin were worth $321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC increased its holdings in shares of Lockheed Martin by 4,477.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 110,961 shares of the aerospace company’s stock valued at $50,292,000 after acquiring an additional 108,537 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Lockheed Martin by 14.0% during the 4th quarter. Natixis Advisors L.P. now owns 84,417 shares of the aerospace company’s stock valued at $38,261,000 after purchasing an additional 10,343 shares during the last quarter. Mechanics Financial Corp increased its holdings in Lockheed Martin by 6.7% during the 4th quarter. Mechanics Financial Corp now owns 1,317 shares of the aerospace company’s stock worth $597,000 after purchasing an additional 83 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Lockheed Martin by 7.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,989 shares of the aerospace company’s stock worth $3,168,000 after purchasing an additional 500 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its holdings in Lockheed Martin by 5.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,647 shares of the aerospace company’s stock worth $746,000 after buying an additional 91 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred 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 transaction, 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. In the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company upped their price target on shares of 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 given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Down 0.3 %

Shares of LMT stock traded down $1.25 during midday trading on Friday, reaching $461.95. 910,767 shares of the stock were exchanged, compared to its average volume of 1,153,347. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The firm has a market cap of $110.84 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.22 and a beta of 0.46. The company’s 50 day moving average is $446.80 and its two-hundred day moving average is $445.23. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period last year, the company posted $6.43 EPS. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts predict that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

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.