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

Illinois Municipal Retirement Fund lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,834 shares of the aerospace company’s stock after acquiring an additional 2,198 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lockheed Martin were worth $4,779,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $40,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $35,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LMT. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company cut their price target on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $553.67.

Lockheed Martin Stock Performance

NYSE:LMT opened at $441.56 on Thursday. The firm has a market capitalization of $103.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. 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 issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share 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 paid 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 is presently 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.