Public Employees Retirement Association of Colorado Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Public Employees Retirement Association of Colorado lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,642 shares of the aerospace company's stock after selling 1,060 shares during the period. Public Employees Retirement Association of Colorado's holdings in Lockheed Martin were worth $13,918,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc grew its holdings in shares of Lockheed Martin by 1.0% in the 3rd quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock valued at $1,788,000 after acquiring an additional 31 shares in the last quarter. Tudor Financial Inc. acquired a new stake in Lockheed Martin during the third quarter worth approximately $557,000. Anchor Investment Management LLC lifted its position in Lockheed Martin by 8.4% during the third quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock worth $2,411,000 after acquiring an additional 320 shares during the last quarter. Fulcrum Equity Management lifted its position in Lockheed Martin by 4.7% during the third quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock worth $526,000 after acquiring an additional 40 shares during the last quarter. Finally, Sculati Wealth Management LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $258,000. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price target for the company. UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $544.79.

Lockheed Martin Trading Down 0.2 %

NYSE LMT traded down $1.14 during trading hours on Monday, hitting $476.50. 1,159,722 shares of the company's stock were exchanged, compared to its average volume of 1,252,496. The stock has a 50-day simple moving average of $456.67 and a 200 day simple moving average of $490.01. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a market cap of $111.64 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.07 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, equities analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.77%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. Company insiders own 0.14% of the company's stock.

Lockheed Martin Company 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.