Lockheed Martin Co. (NYSE:LMT) Holdings Cut by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,636 shares of the aerospace company's stock after selling 3,822 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Lockheed Martin were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of LMT. International Assets Investment Management LLC raised its holdings in shares of Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company's stock valued at $617,416,000 after acquiring an additional 1,349,409 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock valued at $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Lockheed Martin by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company's stock valued at $289,419,000 after acquiring an additional 156,842 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company's stock valued at $1,291,816,000 after acquiring an additional 121,358 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Lockheed Martin by 32.4% during the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company's stock valued at $183,691,000 after acquiring an additional 110,021 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 1.3 %

Shares of NYSE LMT traded up $6.05 during trading on Thursday, reaching $465.19. The company had a trading volume of 927,138 shares, compared to its average volume of 1,171,864. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The stock has a market cap of $111.87 billion, a PE ratio of 16.92, a P/E/G ratio of 4.21 and a beta of 0.48. The business's 50-day moving average is $442.16 and its 200 day moving average is $444.14. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

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

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating and upped their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a report on Wednesday, January 24th. Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company increased their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $485.40.

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.