Carl P. Sherr & Co. LLC Acquires 65 Shares of Lockheed Martin Co. (NYSE:LMT)

Carl P. Sherr & Co. LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566 shares of the aerospace company’s stock after purchasing an additional 65 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Lockheed Martin were worth $257,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Comerica Bank bought a new stake in shares of Lockheed Martin in the second quarter worth $280,000. Bank Julius Baer & Co. Ltd Zurich lifted its position 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 purchasing an additional 27 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Lockheed Martin in the fourth quarter worth $31,000. Activest Wealth Management lifted its position in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares in the last quarter. Finally, KB Financial Partners LLC bought a new stake in Lockheed Martin during the first quarter worth $35,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LMT. Morgan Stanley dropped their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup dropped their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a research report on Monday. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, 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 on the stock in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $493.36.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $1.23 on Wednesday, hitting $454.31. The company’s stock had a trading volume of 1,452,309 shares, compared to its average volume of 984,293. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock’s 50 day moving average is $438.14 and its 200-day moving average is $442.02. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a market capitalization of $109.26 billion, a PE ratio of 16.49, a PEG ratio of 4.13 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

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

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the 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 disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. Corporate insiders own 0.14% 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.