South Dakota Investment Council Sells 600 Shares of Lockheed Martin Co. (NYSE:LMT)

South Dakota Investment Council lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,268 shares of the aerospace company’s stock after selling 600 shares during the quarter. South Dakota Investment Council’s holdings in Lockheed Martin were worth $8,733,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Activest Wealth Management grew its position in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin in the third quarter worth $33,000. Providence Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

LMT stock traded down $0.93 during trading on Wednesday, hitting $459.15. 616,347 shares of the company traded hands, compared to its average volume of 1,169,466. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The company has a 50-day moving average of $441.34 and a 200-day moving average of $444.04. The firm has a market capitalization of $110.42 billion, a PE ratio of 16.72, a P/E/G ratio of 4.21 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $480.92.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the firm posted $6.43 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LMT shares. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. UBS Group upped their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group dropped their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $479.90.

Insiders Place Their Bets

In other news, 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 transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s 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 sale, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Insiders own 0.14% of the company’s stock.

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.