Wesbanco Bank Inc. Buys 2,031 Shares of Lockheed Martin Co. (NYSE:LMT)

Wesbanco Bank Inc. increased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,397 shares of the aerospace company's stock after buying an additional 2,031 shares during the quarter. Wesbanco Bank Inc.'s holdings in Lockheed Martin were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock worth $26,000 after buying an additional 27 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Activest Wealth Management increased its position in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter worth $33,000. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $35,000. 74.19% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last three months. Insiders own 0.17% of the company's stock.

Lockheed Martin Stock Up 0.4 %

Shares of NYSE:LMT traded up $1.65 on Thursday, hitting $463.38. 1,011,364 shares of the company traded hands, compared to its average volume of 1,156,064. The company has a market cap of $111.18 billion, a PE ratio of 16.96, a PEG ratio of 4.26 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock has a 50 day simple moving average of $446.80 and a 200-day simple moving average of $445.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping 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 analyst estimates of $16.04 billion. During the same period in the previous year, the business earned $6.43 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.12 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin's dividend payout ratio is presently 46.10%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LMT. Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $485.40.

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.

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