Cutter & CO Brokerage Inc. Has $3.07 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Cutter & CO Brokerage Inc. raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 40.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,862 shares of the aerospace company's stock after purchasing an additional 1,971 shares during the period. Cutter & CO Brokerage Inc.'s holdings in Lockheed Martin were worth $3,065,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $31,000. Millstone Evans Group LLC bought a new position in Lockheed Martin during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter worth about $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth about $35,000. Finally, Redwood Park Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth about $40,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

LMT stock traded down $2.61 during mid-day trading on Tuesday, hitting $470.96. The stock had a trading volume of 1,038,812 shares, compared to its average volume of 1,369,120. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The firm has a market capitalization of $110.35 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.66 and a beta of 0.28. The firm has a fifty day simple moving average of $469.59 and a 200 day simple moving average of $464.56.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.80%. Lockheed Martin's payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average price target of $532.69.

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.