Lockheed Martin Co. (NYSE:LMT) Stock Position Reduced by Arvest Investments Inc.

Arvest Investments Inc. lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,442 shares of the aerospace company’s stock after selling 249 shares during the period. Arvest Investments Inc.’s holdings in Lockheed Martin were worth $1,673,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. First Financial Bankshares Inc raised its position in shares of Lockheed Martin by 0.3% during the 4th quarter. First Financial Bankshares Inc now owns 112,049 shares of the aerospace company’s stock worth $54,449,000 after purchasing an additional 380 shares during the period. GM Advisory Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $226,000. Stokes Family Office LLC raised its position in shares of Lockheed Martin by 132.3% during the 4th quarter. Stokes Family Office LLC now owns 1,663 shares of the aerospace company’s stock worth $808,000 after purchasing an additional 947 shares during the period. West Tower Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $437,000. Finally, FreeGulliver LLC raised its position in shares of Lockheed Martin by 7.6% during the 4th quarter. FreeGulliver LLC now owns 497 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 35 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LMT. Morgan Stanley dropped their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Susquehanna lowered their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $554.20.

Lockheed Martin Stock Up 0.2 %

Shares of LMT stock opened at $470.44 on Thursday. The stock has a market cap of $110.73 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business’s fifty day moving average is $461.54 and its 200-day moving average is $516.47. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

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.