McGlone Suttner Wealth Management Inc. Purchases 126 Shares of Lockheed Martin Co. (NYSE:LMT)

McGlone Suttner Wealth Management Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 690 shares of the aerospace company’s stock after purchasing an additional 126 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Lockheed Martin were worth $313,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LMT. Lee Financial Co lifted its position in shares of Lockheed Martin by 367.6% during the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 375 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Lockheed Martin by 240.0% during the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after buying an additional 2,911 shares during the last quarter. Sei Investments Co. increased its holdings in Lockheed Martin by 56.8% during the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after buying an additional 8,389 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Lockheed Martin by 18.4% in the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after purchasing an additional 4,472 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Lockheed Martin by 20.4% in the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock worth $47,391,000 after purchasing an additional 18,201 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Citigroup lowered their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, UBS Group lowered their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $491.92.

Lockheed Martin Stock Down 0.4 %

Lockheed Martin stock traded down $1.88 during mid-day trading on Thursday, reaching $454.90. The stock had a trading volume of 1,119,488 shares, compared to its average volume of 1,175,122. The company has a market capitalization of $109.40 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 4.08 and a beta of 0.48. The company has a 50-day moving average price of $433.47 and a two-hundred day moving average price of $438.48. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company 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%. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.79 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was 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. In the last 90 days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

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.