Public Employees Retirement System of Ohio Sells 5,280 Shares of Lockheed Martin Co. (NYSE:LMT)

Public Employees Retirement System of Ohio decreased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,270 shares of the aerospace company's stock after selling 5,280 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Lockheed Martin were worth $44,352,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter valued at $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter worth $42,000. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LMT. UBS Group raised their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Finally, Jefferies Financial Group reduced their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

NYSE:LMT traded down $3.79 during mid-day trading on Wednesday, hitting $473.06. 347,724 shares of the company's stock traded hands, compared to its average volume of 1,293,756. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a 50 day moving average of $461.88 and a two-hundred day moving average of $475.78. The firm has a market capitalization of $110.84 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.