Virtu Financial LLC Purchases 1,216 Shares of Lockheed Martin Co. (NYSE:LMT)

Virtu Financial LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 32.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,012 shares of the aerospace company’s stock after acquiring an additional 1,216 shares during the period. Virtu Financial LLC’s holdings in Lockheed Martin were worth $2,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Warther Private Wealth LLC boosted its stake in Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after purchasing an additional 7,575 shares in the last quarter. Alethea Capital Management LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at $415,000. Morningstar Investment Services LLC increased its position in shares of Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after acquiring an additional 73,774 shares during the period. Brandywine Global Investment Management LLC raised its stake in Lockheed Martin by 14.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company’s stock worth $124,960,000 after acquiring an additional 37,827 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its position in Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after acquiring an additional 29 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $0.22 on Friday, hitting $458.34. The company’s stock had a trading volume of 702,880 shares, compared to its average volume of 864,249. The company has a market capitalization of $109.97 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 4.31 and a beta of 0.47. The firm has a fifty day moving average price of $462.54 and a 200-day moving average price of $449.17. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the company posted $6.43 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.17 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 28th. Stockholders of record on Monday, June 3rd will be given a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.75%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $485.40.

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.