Cutter & CO Brokerage Inc. Trims Stock Position in Lockheed Martin Co. (NYSE:LMT)

Cutter & CO Brokerage Inc. cut its stake in Lockheed Martin Co. (NYSE:LMT) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,891 shares of the aerospace company’s stock after selling 65 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Lockheed Martin were worth $2,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the third quarter valued at $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at $35,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the third quarter valued at $40,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the third quarter valued at $42,000. Finally, Vestor Capital LLC purchased a new stake in Lockheed Martin in the third quarter valued at $46,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.8 %

Shares of Lockheed Martin stock opened at $448.34 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company’s 50-day simple moving average is $468.06 and its 200-day simple moving average is $527.23. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a market cap of $105.53 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its 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 net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.94%. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.