South Dakota Investment Council Sells 148 Shares of Lockheed Martin Co. (NYSE:LMT)

South Dakota Investment Council lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,150 shares of the aerospace company’s stock after selling 148 shares during the period. South Dakota Investment Council’s holdings in Lockheed Martin were worth $8,334,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Virtue Capital Management LLC lifted its holdings in Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can increased its position in shares of Lockheed Martin by 2.1% in the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock worth $382,498,000 after purchasing an additional 13,253 shares during the last quarter. Hilltop Holdings Inc. raised its stake in shares of Lockheed Martin by 79.9% during the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after acquiring an additional 5,361 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after acquiring an additional 2,011 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Get Our Latest Research Report on Lockheed Martin

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $441.20 on Friday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a PEG ratio of 2.07 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business’s fifty day moving average price is $469.94 and its 200 day moving average price is $528.89.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Lockheed Martin Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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