Oregon Public Employees Retirement Fund Has $8.79 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Oregon Public Employees Retirement Fund lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,086 shares of the aerospace company’s stock after selling 64 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lockheed Martin were worth $8,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. abrdn plc lifted its position in Lockheed Martin by 14.8% during the 3rd quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock worth $12,240,000 after acquiring an additional 2,707 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its position in Lockheed Martin by 3.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company’s stock worth $1,762,000 after acquiring an additional 95 shares during the last quarter. Childress Capital Advisors LLC lifted its position in Lockheed Martin by 3.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company’s stock worth $481,000 after acquiring an additional 31 shares during the last quarter. Avitas Wealth Management LLC lifted its position in Lockheed Martin by 1.0% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company’s stock worth $3,089,000 after acquiring an additional 51 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV lifted its position in Lockheed Martin by 1.4% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company’s stock worth $952,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $553.67.

Lockheed Martin Stock Performance

NYSE LMT opened at $441.56 on Thursday. The stock has a market cap of $103.94 billion, a P/E ratio of 19.84, a PEG ratio of 2.07 and a beta of 0.48. The company’s 50-day simple moving average is $467.23 and its 200 day simple moving average is $526.63. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted 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 net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

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.