Silver Oak Securities Incorporated Has $868,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Silver Oak Securities Incorporated boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,491 shares of the aerospace company’s stock after buying an additional 220 shares during the period. Silver Oak Securities Incorporated’s holdings in Lockheed Martin were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Moody Lynn & Lieberson LLC raised its position in Lockheed Martin by 6.8% during the third quarter. Moody Lynn & Lieberson LLC now owns 43,202 shares of the aerospace company’s stock valued at $25,254,000 after buying an additional 2,737 shares during the period. Element Wealth LLC raised its position in Lockheed Martin by 12.4% during the third quarter. Element Wealth LLC now owns 527 shares of the aerospace company’s stock valued at $308,000 after buying an additional 58 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in Lockheed Martin during the third quarter valued at $2,061,000. Legacy Capital Group California Inc. raised its position in Lockheed Martin by 12.9% during the third quarter. Legacy Capital Group California Inc. now owns 1,061 shares of the aerospace company’s stock valued at $620,000 after buying an additional 121 shares during the period. Finally, Spirit of America Management Corp NY raised its position in Lockheed Martin by 15.4% during the third quarter. Spirit of America Management Corp NY now owns 750 shares of the aerospace company’s stock valued at $438,000 after buying an additional 100 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $562.29 on Friday. The business has a 50 day moving average price of $580.03 and a 200 day moving average price of $513.85. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a market cap of $134.03 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 4.62 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the company earned $6.77 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.62%.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. Morgan Stanley upped their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Bank of America reaffirmed a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $606.71.

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.