New York State Common Retirement Fund Sells 31,447 Shares of Lockheed Martin Co. (NYSE:LMT)

New York State Common Retirement Fund trimmed its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 326,894 shares of the aerospace company's stock after selling 31,447 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Lockheed Martin worth $148,161,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Triumph Capital Management increased its holdings in shares of Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company's stock valued at $296,000 after purchasing an additional 22 shares in the last quarter. Abbrea Capital LLC increased its holdings in shares of Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company's stock valued at $571,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Lockheed Martin by 1.6% in the third 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 last quarter. Elevated Capital Advisors LLC boosted its stake in Lockheed Martin by 3.5% in the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company's stock valued at $290,000 after acquiring an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company's stock valued at $823,000 after acquiring an additional 24 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.3 %

Shares of NYSE LMT traded down $1.25 during midday trading on Tuesday, reaching $460.08. 1,761,096 shares of the stock were exchanged, compared to its average volume of 1,176,603. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $483.53. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The business has a 50-day simple moving average of $440.67 and a two-hundred day simple moving average of $443.62. The company has a market capitalization of $110.64 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping 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 business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the business posted $7.79 earnings per share. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction 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 in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last ninety days. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a research note on Wednesday, January 24th. UBS Group reduced 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. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Citigroup reduced their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $475.80.

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.