South Dakota Investment Council Lowers Position in Lockheed Martin Co. (NYSE:LMT)

South Dakota Investment Council trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 19,268 shares of the aerospace company’s stock after selling 600 shares during the period. South Dakota Investment Council’s holdings in Lockheed Martin were worth $8,733,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LMT. International Assets Investment Management LLC boosted its position in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after acquiring an additional 1,349,409 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Lockheed Martin by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock valued at $289,419,000 after buying an additional 156,842 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after buying an additional 121,358 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 32.4% during the 3rd quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock worth $183,691,000 after acquiring an additional 110,021 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $0.93 during trading hours on Wednesday, hitting $459.15. The company’s stock had a trading volume of 616,347 shares, compared to its average volume of 1,169,466. The stock has a market cap of $110.42 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $480.92. The company has a 50 day moving average of $441.34 and a 200 day moving average of $444.04. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $6.43 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. The Goldman Sachs Group lowered their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. Morgan Stanley cut their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average target price of $479.90.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the 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 can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Company insiders own 0.14% of the company’s stock.

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.