Teachers Retirement System of The State of Kentucky Has $7.28 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Teachers Retirement System of The State of Kentucky raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,297 shares of the aerospace company's stock after buying an additional 590 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lockheed Martin were worth $7,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at $526,587,000. Leigh Baldwin & CO. LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at $451,985,000. Capital Research Global Investors purchased a new stake in Lockheed Martin in the 4th quarter valued at $229,987,000. Finally, Demars Financial Group LLC grew its stake in Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after purchasing an additional 432,423 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Truist Financial reduced their price objective on Lockheed Martin from $579.00 to $554.00 and set a "buy" rating for the company in a research note on Friday, July 11th. TD Cowen restated a "hold" rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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 report on Monday, April 28th. Finally, UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Twelve investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $532.69.

Lockheed Martin Stock Down 0.5%

Shares of NYSE LMT opened at $461.67 on Tuesday. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The business has a 50-day simple moving average of $469.37 and a two-hundred day simple moving average of $464.14. 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 company has a market cap of $108.17 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.63 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.86%. Lockheed Martin's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.