Strs Ohio Decreases Stake in Lockheed Martin Corporation $LMT

Strs Ohio cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,231 shares of the aerospace company’s stock after selling 1,733 shares during the period. Strs Ohio’s holdings in Lockheed Martin were worth $24,577,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC lifted its stake in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin during the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $34,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $590.30 on Friday. The stock has a 50-day moving average price of $495.94 and a 200 day moving average price of $476.04. The stock has a market capitalization of $136.59 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.69 and a beta of 0.24. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $596.22. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Truist Financial set a $605.00 price objective on Lockheed Martin and gave the company a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $515.00 target price (up previously from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Royal Bank Of Canada raised their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $543.82.

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.