State Board of Administration of Florida Retirement System Has $118.67 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

State Board of Administration of Florida Retirement System trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,419 shares of the aerospace company’s stock after selling 8,440 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Lockheed Martin worth $118,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC increased its position in Lockheed Martin by 0.4% in the 2nd quarter. Perigon Wealth Management LLC now owns 9,545 shares of the aerospace company’s stock valued at $3,470,000 after buying an additional 35 shares in the last quarter. Huber Financial Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at about $218,000. Cedar Capital LLC increased its position in Lockheed Martin by 20.6% in the 2nd quarter. Cedar Capital LLC now owns 2,672 shares of the aerospace company’s stock valued at $971,000 after buying an additional 457 shares in the last quarter. Meeder Asset Management Inc. increased its position in Lockheed Martin by 7,800.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 553 shares of the aerospace company’s stock valued at $201,000 after buying an additional 546 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new stake in Lockheed Martin in the 2nd quarter valued at about $207,000. 78.70% of the stock is currently owned by institutional investors.

In other Lockheed Martin news, Director James D. Taiclet, Jr. bought 1,354 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $376.32 per share, for a total transaction of $509,537.28. Following the purchase, the director now directly owns 1,354 shares of the company’s stock, valued at $509,537.28. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 1,003 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the transaction, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 over the last three months. Corporate insiders own 0.35% of the company’s stock.

A number of analysts recently commented on the company. Credit Suisse Group boosted their target price on Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. UBS Group boosted their target price on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays boosted their target price on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a report on Thursday, April 25th. Finally, DZ Bank reissued a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $367.86.

LMT traded up $2.13 during midday trading on Tuesday, reaching $382.61. 319,888 shares of the company were exchanged, compared to its average volume of 1,139,086. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. The company’s fifty day moving average price is $367.86 and its 200 day moving average price is $332.95. The company has a market cap of $107.29 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $381.68.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. The firm had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.31 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 21.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s dividend payout ratio is currently 49.30%.

Lockheed Martin 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. 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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