State of New Jersey Common Pension Fund D Sells 874 Shares of Lockheed Martin Co. (NYSE:LMT)

State of New Jersey Common Pension Fund D decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,851 shares of the aerospace company’s stock after selling 874 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lockheed Martin were worth $38,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Creative Planning increased its holdings in shares of Lockheed Martin by 3.1% in the third quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after purchasing an additional 3,236 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Lockheed Martin by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,562 shares of the aerospace company’s stock valued at $6,175,000 after buying an additional 210 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in Lockheed Martin by 16.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,148 shares of the aerospace company’s stock valued at $672,000 after acquiring an additional 166 shares during the period. Moss Adams Wealth Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $280,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Lockheed Martin by 5.8% during the third quarter. First Citizens Bank & Trust Co. now owns 4,109 shares of the aerospace company’s stock worth $2,402,000 after acquiring an additional 227 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 2.7 %

Shares of Lockheed Martin stock opened at $423.15 on Monday. The company’s 50-day moving average price is $477.08 and its 200-day moving average price is $532.83. The company has a market cap of $99.60 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $418.58 and a 12-month high of $618.95. 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) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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, equities analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.