State of New Jersey Common Pension Fund D Lowers Stake in Lockheed Martin Co. (NYSE:LMT)

State of New Jersey Common Pension Fund D cut its stake in Lockheed Martin Co. (NYSE:LMT) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,117 shares of the aerospace company’s stock after selling 652 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lockheed Martin were worth $58,521,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $33,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Providence Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $35,000. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was 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 directly owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. The Goldman Sachs Group decreased their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Citigroup upped their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE LMT traded down $3.50 during midday trading on Friday, hitting $461.28. 857,663 shares of the company traded hands, compared to its average volume of 1,167,992. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The stock has a 50-day moving average price of $443.00 and a 200 day moving average price of $444.29. The firm has a market cap of $110.68 billion, a P/E ratio of 17.02, a P/E/G ratio of 4.20 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.43 EPS. As a group, analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current year.

About Lockheed Martin

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.