State of Tennessee Department of Treasury Has $37.07 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

State of Tennessee Department of Treasury cut its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 76,291 shares of the aerospace company's stock after selling 13,589 shares during the quarter. State of Tennessee Department of Treasury's holdings in Lockheed Martin were worth $37,073,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LMT. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lockheed Martin in the 4th quarter valued at approximately $42,000. 74.19% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated 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 represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company'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 owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price for the company. Finally, Wells Fargo & Company decreased their price objective 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. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $544.79.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $11.01 during trading on Friday, reaching $477.82. 1,521,067 shares of the company traded hands, compared to its average volume of 1,251,288. 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 Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The firm has a market capitalization of $112.08 billion, a PE ratio of 21.47, a PEG ratio of 2.07 and a beta of 0.39. The company's 50 day moving average is $455.79 and its two-hundred day moving average is $492.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 57.02%.

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.