5,645 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Hall Capital Management Co. Inc.

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

Several other hedge funds have also made changes to their positions in LMT. Millstone Evans Group LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth about $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin in the 4th quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction 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 approximately $884,840. This trade represents a 61.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last three months. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $7.54 during midday trading on Tuesday, hitting $476.42. The company's stock had a trading volume of 1,275,853 shares, compared to its average volume of 1,297,472. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. 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 stock's 50-day moving average price is $461.68 and its 200-day moving average price is $475.77. The company has a market capitalization of $111.62 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is presently 57.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company 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.