State of New Jersey Common Pension Fund D Has $58.52 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

State of New Jersey Common Pension Fund D cut its position in Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,117 shares of the aerospace company’s stock after selling 652 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Lockheed Martin worth $58,521,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management raised its holdings in shares of Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after purchasing an additional 22 shares during the period. Abbrea Capital LLC increased its holdings in shares of Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after acquiring an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares during the period. Duncker Streett & Co. Inc. boosted its position in Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares during the period. Finally, Hanlon Investment Management Inc. increased its holdings in shares of Lockheed Martin by 2.7% in the third quarter. Hanlon Investment Management Inc. now owns 936 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday. UBS Group boosted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley lowered 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 report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

NYSE:LMT traded down $3.50 during trading hours on Friday, hitting $461.28. The company’s stock had a trading volume of 857,663 shares, compared to its average volume of 1,167,992. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a fifty day simple moving average of $443.00 and a 200-day simple moving average of $444.29. The company has a market capitalization of $110.68 billion, a P/E ratio of 17.02, a PEG ratio of 4.20 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $6.43 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 26.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

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.