Oregon Public Employees Retirement Fund Lowers Holdings in Lockheed Martin Corporation (NYSE:LMT)

Oregon Public Employees Retirement Fund decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 17,996 shares of the aerospace company’s stock after selling 90 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lockheed Martin were worth $8,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Private Portfolio Partners LLC boosted its stake in shares of Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock worth $244,000 after buying an additional 23 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock valued at $2,559,000 after purchasing an additional 23 shares during the period. Southland Equity Partners LLC grew its holdings in Lockheed Martin by 3.1% during the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after purchasing an additional 23 shares during the period. Nvest Financial LLC grew its holdings in Lockheed Martin by 0.6% during the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company’s stock valued at $1,617,000 after purchasing an additional 23 shares during the period. Finally, Reston Wealth Management LLC grew its holdings in Lockheed Martin by 4.5% during the first quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company’s stock valued at $238,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.7%

Shares of LMT stock opened at $462.82 on Thursday. The company has a market capitalization of $108.44 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The business’s fifty day moving average is $470.96 and its 200 day moving average is $466.07.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s payout ratio is presently 57.02%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LMT shares. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a research report on Wednesday, April 23rd. Nine equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

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.