State of New Jersey Common Pension Fund D Has $32.99 Million Stock Holdings in Lockheed Martin Corporation $LMT

State of New Jersey Common Pension Fund D lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 71,240 shares of the aerospace company’s stock after selling 993 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lockheed Martin were worth $32,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $28,000. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the first quarter worth $31,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the second quarter worth $34,000. GFG Capital LLC acquired a new stake in Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. lifted its stake in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LMT shares. The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research reissued a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group lowered their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $513.47.

Lockheed Martin Stock Performance

LMT opened at $485.59 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The company has a market cap of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.61 and a beta of 0.28. The company’s 50 day moving average is $477.51 and its 200 day moving average is $466.37. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

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.