Whalerock Point Partners LLC Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Whalerock Point Partners LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,798 shares of the aerospace company’s stock after purchasing an additional 213 shares during the period. Lockheed Martin comprises about 1.0% of Whalerock Point Partners LLC’s portfolio, making the stock its 27th largest holding. Whalerock Point Partners LLC’s holdings in Lockheed Martin were worth $4,275,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Berger Financial Group Inc boosted its position in shares of Lockheed Martin by 0.5% during the 4th quarter. Berger Financial Group Inc now owns 16,642 shares of the aerospace company’s stock valued at $8,087,000 after acquiring an additional 82 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in Lockheed Martin by 10.9% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,505 shares of the aerospace company’s stock worth $1,703,000 after purchasing an additional 344 shares during the period. Aquatic Capital Management LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $33,294,000. Oxford Asset Management LLP purchased a new position in Lockheed Martin in the fourth quarter worth approximately $1,096,000. Finally, Bolthouse Investments LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $535,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $442.42, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 2.4 %

Shares of LMT opened at $477.82 on Friday. The stock has a fifty day moving average price of $455.79 and a two-hundred day moving average price of $491.64. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a market cap of $112.08 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.76%. Lockheed Martin’s dividend payout ratio is presently 57.02%.

Analyst Ratings Changes

Several research firms have commented on LMT. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $544.79.

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.