Treasurer of the State of North Carolina Purchases 3,809 Shares of Lockheed Martin Co. (NYSE:LMT)

Treasurer of the State of North Carolina grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,674 shares of the aerospace company's stock after acquiring an additional 3,809 shares during the quarter. Treasurer of the State of North Carolina's holdings in Lockheed Martin were worth $49,893,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Virtue Capital Management LLC lifted its holdings in Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after acquiring an additional 1,192 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after buying an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in Lockheed Martin during the fourth quarter valued at approximately $1,266,000. Finally, World Investment Advisors LLC increased its holdings in Lockheed Martin by 55.1% during the third quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock valued at $3,781,000 after buying an additional 2,297 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

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Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the business'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 transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was 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 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 have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMT. Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley reduced their price target on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Finally, Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $536.60.

Lockheed Martin Price Performance

Shares of LMT traded up $11.41 during midday trading on Friday, hitting $475.11. 1,451,768 shares of the company traded hands, compared to its average volume of 1,239,680. The stock has a market cap of $111.45 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.07 and a beta of 0.39. The firm has a 50 day moving average of $450.03 and a 200-day moving average of $500.71. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 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.