Lockheed Martin Co. (LMT) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,597 shares of the aerospace company’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Lockheed Martin were worth $6,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lederer & Associates Investment Counsel CA increased its position in Lockheed Martin by 0.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after buying an additional 35 shares during the period. Belpointe Asset Management LLC increased its position in Lockheed Martin by 1.4% during the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock worth $676,000 after buying an additional 35 shares during the period. Physicians Financial Services Inc. increased its position in Lockheed Martin by 0.8% during the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock worth $1,256,000 after buying an additional 37 shares during the period. Wealthcare Advisory Partners LLC increased its position in Lockheed Martin by 1.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock worth $742,000 after buying an additional 38 shares during the period. Finally, Windsor Group LTD increased its position in Lockheed Martin by 3.0% during the first quarter. Windsor Group LTD now owns 1,307 shares of the aerospace company’s stock worth $392,000 after buying an additional 38 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of LMT stock opened at $314.26 on Friday. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $361.99. The company has a market capitalization of $88.80 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.33 and a beta of 1.01. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting the consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same period last year, the business posted ($2.25) EPS. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 19.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $2.20 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.80%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

In related news, Chairman Marillyn A. Hewson sold 59,434 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total value of $18,222,464.40. Following the sale, the chairman now directly owns 109,531 shares in the company, valued at $33,582,204.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the sale, the executive vice president now owns 4,218 shares in the company, valued at $1,271,052.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,186 shares of company stock worth $26,010,927. Company insiders own 0.35% of the company’s stock.

Several research analysts have commented on LMT shares. Bank of America reaffirmed a “buy” rating and set a $390.00 price target on shares of Lockheed Martin in a research report on Wednesday, January 30th. Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, January 10th. Vertical Group upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Citigroup lowered their target price on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Lockheed Martin presently has an average rating of “Buy” and an average target price of $350.00.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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