Strs Ohio Lowers Stake in Lockheed Martin Co. (NYSE:LMT)

Strs Ohio reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,406 shares of the aerospace company’s stock after selling 3,745 shares during the quarter. Strs Ohio’s holdings in Lockheed Martin were worth $26,925,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares in the last quarter. Abbrea Capital LLC boosted its stake in shares of Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after acquiring an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after acquiring an additional 23 shares in the last quarter. Elevated Capital Advisors LLC boosted its stake in shares of Lockheed Martin by 3.5% during the 3rd quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after acquiring an additional 24 shares in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its stake in Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after buying an additional 24 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.7 %

Shares of NYSE LMT opened at $453.34 on Tuesday. The company has a 50 day simple moving average of $437.60 and a 200-day simple moving average of $441.70. The company has a market capitalization of $109.02 billion, a P/E ratio of 16.46, a P/E/G ratio of 4.11 and a beta of 0.48. 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 Co. has a 1 year low of $393.77 and a 1 year high of $508.10.

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 business had revenue of $18.87 billion during 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 revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $7.79 EPS. On average, equities research analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were issued 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 dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s 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 in the company, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred 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 completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 in the last 90 days. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on LMT shares. UBS Group decreased their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada decreased 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 note on Wednesday, January 24th. Morgan Stanley decreased 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 note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the company from $475.00 to $518.00 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $493.36.

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.