State of Alaska Department of Revenue Has $15.17 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

State of Alaska Department of Revenue raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,219 shares of the aerospace company’s stock after acquiring an additional 3,710 shares during the period. State of Alaska Department of Revenue’s holdings in Lockheed Martin were worth $15,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LMT. Algert Global LLC bought a new stake in shares of Lockheed Martin during the second quarter worth $277,000. Czech National Bank raised its holdings in Lockheed Martin by 6.2% during the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after acquiring an additional 2,520 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in Lockheed Martin by 2.5% during the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC grew its stake in Lockheed Martin by 23.5% in the third quarter. Ignite Planners LLC now owns 857 shares of the aerospace company’s stock valued at $501,000 after purchasing an additional 163 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Lockheed Martin by 45.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,821 shares of the aerospace company’s stock valued at $1,649,000 after buying an additional 885 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LMT. Morgan Stanley dropped their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Down 0.9 %

Lockheed Martin stock opened at $449.44 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm’s fifty day moving average is $489.62 and its 200 day moving average is $537.03. The company has a market capitalization of $105.79 billion, a PE ratio of 20.19, a PEG ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.