Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,707 shares of the aerospace company's stock after selling 623 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lockheed Martin were worth $7,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CFS Investment Advisory Services LLC boosted its stake in shares of Lockheed Martin by 2.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock worth $530,000 after purchasing an additional 21 shares during the period. Wynn Capital LLC boosted its position in shares of Lockheed Martin by 1.0% during the fourth quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after buying an additional 22 shares during the period. PBMares Wealth Management LLC grew its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after buying an additional 22 shares during the last quarter. Nvwm LLC grew its stake in shares of Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock valued at $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC lifted its stake in shares of Lockheed Martin by 2.0% during the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company'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 sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. 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 quarter. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Up 2.4 %

Lockheed Martin stock traded up $11.01 during trading hours on Friday, reaching $477.82. The stock had a trading volume of 1,521,067 shares, compared to its average volume of 1,251,288. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a market cap of $112.08 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business's 50 day moving average price is $455.79 and its 200-day moving average price is $492.43.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 2.76%. Lockheed Martin's payout ratio is presently 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $544.79.

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.