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

Victrix Investment Advisors bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,946 shares of the aerospace company’s stock, valued at approximately $3,861,000. Lockheed Martin accounts for approximately 2.8% of Victrix Investment Advisors’ investment portfolio, making the stock its 8th largest holding.

Other large investors also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock valued at $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in Lockheed Martin during the 4th quarter worth $1,266,000. Aquatic Capital Management LLC bought a new position in Lockheed Martin during the 4th quarter worth $33,294,000. Private Advisor Group LLC increased its position in Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after buying an additional 5,075 shares during the period. Finally, Confluence Wealth Services Inc. lifted its stake in Lockheed Martin by 174.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company’s stock valued at $1,579,000 after buying an additional 2,017 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the firm’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 value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This trade represents a 23.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last three months. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Trading Up 0.5%

Shares of Lockheed Martin stock opened at $467.54 on Monday. The business has a fifty day simple moving average of $461.21 and a 200-day simple moving average of $479.11. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a market cap of $109.54 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. On average, equities analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Nine 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

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.