Virtue Capital Management LLC Has $538,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Virtue Capital Management LLC lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,107 shares of the aerospace company's stock after selling 1,142 shares during the quarter. Virtue Capital Management LLC's holdings in Lockheed Martin were worth $538,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group decreased their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Price Performance

LMT stock traded up $4.23 during trading on Friday, hitting $477.92. The company had a trading volume of 330,237 shares, compared to its average volume of 1,291,337. The company has a fifty day moving average price of $463.25 and a two-hundred day moving average price of $475.07. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market cap of $111.97 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.76%. Lockheed Martin's payout ratio is 57.02%.

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.