Victrix Investment Advisors Buys Shares of 7,946 Lockheed Martin Co. (NYSE:LMT)

Victrix Investment Advisors purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,946 shares of the aerospace company's stock, valued at approximately $3,861,000. Lockheed Martin comprises about 2.8% of Victrix Investment Advisors' portfolio, making the stock its 8th biggest holding.

A number of other institutional investors also recently made changes to their positions in the stock. Empirical Asset Management LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at about $142,000. Merit Financial Group LLC raised its position in shares of Lockheed Martin by 22.3% in the 4th quarter. Merit Financial Group LLC now owns 11,915 shares of the aerospace company's stock worth $5,790,000 after buying an additional 2,173 shares during the period. HB Wealth Management LLC boosted its holdings in Lockheed Martin by 4.8% in the fourth quarter. HB Wealth Management LLC now owns 12,525 shares of the aerospace company's stock valued at $6,087,000 after acquiring an additional 573 shares during the last quarter. Ameritas Advisory Services LLC grew its position in Lockheed Martin by 7.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 6,445 shares of the aerospace company's stock valued at $3,132,000 after acquiring an additional 441 shares during the period. Finally, TruWealth Advisors LLC grew its position in Lockheed Martin by 2.1% during the fourth quarter. TruWealth Advisors LLC now owns 43,011 shares of the aerospace company's stock valued at $20,900,000 after acquiring an additional 895 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on LMT. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group cut their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. UBS Group upped their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $541.80.

Insider Activity at Lockheed Martin

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 sold a total of 7,133 shares of company stock valued at $3,155,916 over the last ninety days. Insiders own 0.14% of the company's stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $2.61 on Friday, hitting $467.84. The company's stock had a trading volume of 344,239 shares, compared to its average volume of 1,289,616. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The stock's 50-day moving average is $461.71 and its two-hundred day moving average is $478.02. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $109.61 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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 issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. Lockheed Martin's payout ratio is currently 57.02%.

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.