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

McGlone Suttner Wealth Management Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 690 shares of the aerospace company’s stock after acquiring an additional 126 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Lockheed Martin were worth $313,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. CGC Financial Services LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin during the 4th quarter valued at $31,000. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at $35,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Lockheed Martin

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 Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT traded down $1.88 during mid-day trading on Thursday, reaching $454.90. 1,119,488 shares of the company were exchanged, compared to its average volume of 1,175,122. 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 stock has a market cap of $109.40 billion, a PE ratio of 16.51, a PEG ratio of 4.08 and a beta of 0.48. The company has a fifty day moving average of $433.47 and a 200 day moving average of $438.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $7.79 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.