Lockheed Martin Co. (NYSE:LMT) Position Lowered by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,755 shares of the aerospace company's stock after selling 1,000 shares during the quarter. Lockheed Martin accounts for approximately 2.5% of Birmingham Capital Management Co. Inc. AL's investment 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 quarter.

A number of other large investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC grew its position in Lockheed Martin by 44.5% during the 4th quarter. Dogwood Wealth Management LLC now owns 1,228 shares of the aerospace company's stock worth $597,000 after purchasing an additional 378 shares during the period. BridgePort Financial Solutions LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $324,000. Park Square Financial Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $149,000. Total Wealth Planning & Management Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $721,000. Finally, Fidelity D & D Bancorp Inc. raised its position in Lockheed Martin by 18.4% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 805 shares of the aerospace company's stock valued at $391,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE LMT traded up $4.60 during mid-day trading on Friday, hitting $478.29. The stock had a trading volume of 379,931 shares, compared to its average volume of 1,291,528. The firm's 50 day moving average is $463.25 and its 200 day moving average is $475.07. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $112.06 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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 during 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 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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 dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Jefferies Financial Group dropped their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.