Cutler Investment Counsel LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Cutler Investment Counsel LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 783 shares of the aerospace company’s stock, valued at approximately $355,000.

A number of other large investors have also made changes to their positions in the stock. State Street Corp raised its position in Lockheed Martin by 0.5% in the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after purchasing an additional 176,739 shares in the last quarter. Vanguard Group Inc. raised its position in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock worth $2,302,388,000 after purchasing an additional 97,916 shares in the last quarter. Wellington Management Group LLP raised its position in Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after purchasing an additional 121,358 shares in the last quarter. Finally, Northern Trust Corp raised its position in Lockheed Martin by 4.0% in the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after purchasing an additional 91,109 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LMT shares. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $518.00 in a research note on Monday. UBS Group decreased their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Citigroup decreased their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Trading Up 1.9 %

LMT stock traded up $8.62 during midday trading on Friday, reaching $464.71. The company’s stock had a trading volume of 734,755 shares, compared to its average volume of 1,151,640. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $495.83. The stock has a market cap of $111.76 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 4.16 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The business’s 50-day simple moving average is $439.25 and its 200-day simple moving average is $442.21.

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 analysts’ consensus estimates of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $7.79 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

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

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.