Altrius Capital Management Inc Has $4.32 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Altrius Capital Management Inc increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,882 shares of the aerospace company’s stock after purchasing an additional 52 shares during the quarter. Altrius Capital Management Inc’s holdings in Lockheed Martin were worth $4,316,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the third quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at about $46,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 1.1 %

Lockheed Martin stock opened at $446.38 on Friday. The company has a fifty day simple moving average of $466.57 and a 200 day simple moving average of $526.08. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. 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 $105.07 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts anticipate 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, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.96%. Lockheed Martin’s dividend payout ratio is 59.30%.

Analyst Ratings Changes

A number of analysts recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley decreased their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $553.67.

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.