State of New Jersey Common Pension Fund D Purchases 1,891 Shares of Lockheed Martin Corporation $LMT

State of New Jersey Common Pension Fund D grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 73,131 shares of the aerospace company’s stock after purchasing an additional 1,891 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lockheed Martin were worth $36,508,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Calton & Associates Inc. lifted its holdings in shares of Lockheed Martin by 2.9% during the third quarter. Calton & Associates Inc. now owns 5,343 shares of the aerospace company’s stock valued at $2,667,000 after purchasing an additional 151 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Lockheed Martin by 11.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 535,449 shares of the aerospace company’s stock worth $267,302,000 after buying an additional 55,056 shares in the last quarter. Shepherd Financial Partners LLC raised its position in Lockheed Martin by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 7,842 shares of the aerospace company’s stock worth $3,915,000 after buying an additional 24 shares during the last quarter. HighTower Advisors LLC lifted its stake in Lockheed Martin by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 420,275 shares of the aerospace company’s stock valued at $209,881,000 after acquiring an additional 7,138 shares during the period. Finally, Aberdeen Group plc boosted its holdings in shares of Lockheed Martin by 140.9% during the 3rd quarter. Aberdeen Group plc now owns 53,070 shares of the aerospace company’s stock valued at $26,109,000 after acquiring an additional 31,042 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LMT shares. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 8th. Jefferies Financial Group lifted their price objective on Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Finally, Susquehanna reissued a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target of $612.50.

Lockheed Martin Trading Up 2.3%

Lockheed Martin stock opened at $652.41 on Monday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $656.34. The firm has a market capitalization of $150.11 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.18 and a beta of 0.23. The firm has a 50 day moving average of $545.43 and a 200 day moving average of $494.74. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.67 earnings per share. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.