783 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 783 shares of the aerospace company’s stock, valued at approximately $355,000.

Several other large investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Activest Wealth Management grew its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Lockheed Martin in the 4th quarter valued at $31,000. Milestone Investment Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $33,000. Finally, Providence Capital Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $35,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.9 %

LMT traded up $8.62 during mid-day trading on Friday, hitting $464.71. 734,755 shares of the stock were exchanged, compared to its average volume of 1,151,640. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The company has a market cap of $111.76 billion, a PE ratio of 16.74, a PEG ratio of 4.16 and a beta of 0.48. The firm’s fifty day moving average is $439.25 and its two-hundred day moving average is $442.21. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $495.83.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $7.79 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Insider Buying and Selling

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 over the last 90 days. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on LMT shares. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. UBS Group lowered their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $518.00 in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $493.36.

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.