Hall Capital Management Co. Inc. Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Hall Capital Management Co. Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,645 shares of the aerospace company's stock, valued at approximately $2,743,000. Lockheed Martin comprises 1.3% of Hall Capital Management Co. Inc.'s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds have also recently made changes to their positions in LMT. Millstone Evans Group LLC bought a new position in Lockheed Martin during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter worth about $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth about $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $7.08 during midday trading on Wednesday, hitting $469.77. The company had a trading volume of 908,676 shares, compared to its average volume of 1,295,924. The stock has a market cap of $110.07 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a fifty day simple moving average of $461.88 and a 200 day simple moving average of $475.78. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is presently 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent research reports. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. UBS Group raised their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Susquehanna lowered their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a report on Wednesday, April 23rd. Nine equities research 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 MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.