Kentucky Retirement Systems Insurance Trust Fund Has $2.74 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 35.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,135 shares of the aerospace company's stock after selling 3,393 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Lockheed Martin were worth $2,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Portfolio Partners LLC lifted its position in shares of Lockheed Martin by 4.8% during the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 23 shares during the period. Tealwood Asset Management Inc. lifted its position in shares of Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares during the period. Southland Equity Partners LLC lifted its position in shares of Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares during the period. Invenio Wealth Partners LLC lifted its position in shares of Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock valued at $201,000 after acquiring an additional 24 shares during the period. Finally, Pioneer Trust Bank N A OR lifted its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company's stock valued at $945,000 after acquiring an additional 24 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group upped their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Price Performance

Shares of LMT opened at $470.21 on Friday. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The business has a 50-day simple moving average of $471.63 and a two-hundred day simple moving average of $468.25. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock has a market cap of $110.17 billion, a PE ratio of 20.31, a PEG ratio of 1.64 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. Lockheed Martin's payout ratio is 57.02%.

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.

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