Lockheed Martin Co. (NYSE:LMT) is Birmingham Capital Management Co. Inc. AL's 10th Largest Position

Birmingham Capital Management Co. Inc. AL cut its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,755 shares of the aerospace company's stock after selling 1,000 shares during the quarter. Lockheed Martin accounts for about 2.5% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 10th largest holding. Birmingham Capital Management Co. Inc. AL's holdings in Lockheed Martin were worth $6,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PBMares Wealth Management LLC raised its stake in shares of Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after purchasing an additional 22 shares during the period. Nvwm LLC grew its holdings in Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock valued at $441,000 after buying an additional 22 shares in the last quarter. Schear Investment Advisers LLC increased its position in shares of Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after buying an additional 22 shares during the period. Hamilton Point Investment Advisors LLC increased its position in shares of Lockheed Martin by 2.2% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,050 shares of the aerospace company's stock valued at $510,000 after buying an additional 23 shares during the period. Finally, SYM FINANCIAL Corp lifted its holdings in shares of Lockheed Martin by 5.6% in the fourth quarter. SYM FINANCIAL Corp now owns 434 shares of the aerospace company's stock worth $211,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LMT. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Robert W. Baird raised 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. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last three months. Insiders own 0.14% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $7.54 during trading hours on Tuesday, reaching $476.42. 1,275,853 shares of the stock traded hands, compared to its average volume of 1,297,472. The company has a market capitalization of $111.62 billion, a P/E ratio of 21.40, a price-to-earnings-growth 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. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company's 50-day simple moving average is $461.88 and its two-hundred day simple moving average is $475.78.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is presently 57.02%.

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.