Lockheed Martin Co. (NYSE:LMT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 326,894 shares of the aerospace company’s stock after selling 31,447 shares during the period. New York State Common Retirement Fund owned about 0.14% of Lockheed Martin worth $148,161,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after purchasing an additional 97,916 shares during the last quarter. Wellington Management Group LLP lifted its position in Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares during the last quarter. Northern Trust Corp lifted its position in Lockheed Martin by 4.0% in the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after purchasing an additional 91,109 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Lockheed Martin by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,973,771 shares of the aerospace company’s stock valued at $807,193,000 after purchasing an additional 46,890 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.9 %

LMT traded up $3.96 on Tuesday, reaching $465.29. 918,386 shares of the company traded hands, compared to its average volume of 1,165,551. The stock’s 50 day moving average price is $440.67 and its 200-day moving average price is $443.62. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $483.53. The company has a market cap of $111.90 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 4.23 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the previous year, the firm posted $7.79 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. UBS Group lowered their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. The Goldman Sachs Group dropped their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $475.80.

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.