Birmingham Capital Management Co. Inc. AL Has $6.68 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Birmingham Capital Management Co. Inc. AL lessened its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,755 shares of the aerospace company's stock after selling 1,000 shares during the period. Lockheed Martin makes up 2.5% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 10th biggest position. Birmingham Capital Management Co. Inc. AL's holdings in Lockheed Martin were worth $6,684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. PBMares Wealth Management LLC lifted its holdings in Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after buying an additional 22 shares during the last quarter. Nvwm LLC lifted its holdings in Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after buying an additional 22 shares during the last quarter. Schear Investment Advisers LLC lifted its holdings in Lockheed Martin by 2.0% during the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after buying an additional 22 shares during the last quarter. Hamilton Point Investment Advisors LLC lifted its holdings in Lockheed Martin by 2.2% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,050 shares of the aerospace company's stock worth $510,000 after buying an additional 23 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted its holdings in shares of Lockheed Martin by 5.6% in the 4th quarter. SYM FINANCIAL Corp now owns 434 shares of the aerospace company's stock worth $211,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT traded up $3.68 on Thursday, hitting $473.66. The company's stock had a trading volume of 850,920 shares, compared to its average volume of 1,294,921. The company has a market capitalization of $110.98 billion, a PE ratio of 21.28, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a 50 day moving average price of $462.47 and a 200 day moving average price of $475.74.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LMT. Jefferies Financial Group cut their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a 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. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird raised 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 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 company's stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin 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.