Illinois Municipal Retirement Fund Acquires 2,198 Shares of Lockheed Martin Co. (NYSE:LMT)

Illinois Municipal Retirement Fund boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,834 shares of the aerospace company’s stock after purchasing an additional 2,198 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lockheed Martin were worth $4,779,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth about $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $46,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada decreased their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin Stock Down 1.5 %

Shares of NYSE LMT opened at $441.56 on Thursday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market cap of $103.94 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.48. The firm has a 50 day moving average price of $467.23 and a 200 day moving average price of $526.63.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.