West Oak Capital LLC Buys 13,796 Shares of Lockheed Martin Co. (NYSE:LMT)

West Oak Capital LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 277.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,761 shares of the aerospace company’s stock after purchasing an additional 13,796 shares during the period. Lockheed Martin accounts for 2.8% of West Oak Capital LLC’s portfolio, making the stock its 6th largest holding. West Oak Capital LLC’s holdings in Lockheed Martin were worth $9,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC grew its stake in shares of Lockheed Martin by 6.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock worth $749,000 after acquiring an additional 101 shares during the last quarter. AGF Management Ltd. lifted its holdings in shares of Lockheed Martin by 11.8% during the second quarter. AGF Management Ltd. now owns 7,180 shares of the aerospace company’s stock valued at $3,354,000 after acquiring an additional 757 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of Lockheed Martin by 9.7% during the second quarter. AdvisorShares Investments LLC now owns 1,030 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 91 shares during the period. Qsemble Capital Management LP increased its stake in shares of Lockheed Martin by 9.9% in the second quarter. Qsemble Capital Management LP now owns 4,559 shares of the aerospace company’s stock valued at $2,130,000 after buying an additional 412 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Lockheed Martin by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 22,272 shares of the aerospace company’s stock valued at $10,403,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

Shares of Lockheed Martin stock traded down $1.01 during trading on Friday, hitting $467.84. 1,127,372 shares of the company were exchanged, compared to its average volume of 1,145,476. The firm has a market capitalization of $110.89 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The firm’s fifty day moving average price is $512.94 and its 200 day moving average price is $534.43. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on LMT shares. Royal Bank of Canada lowered their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

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.