Boston Research & Management Inc. Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Boston Research & Management Inc. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,206 shares of the aerospace company’s stock after purchasing an additional 72 shares during the period. Boston Research & Management Inc.’s holdings in Lockheed Martin were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Freedom Investment Management Inc. raised its position in Lockheed Martin by 16.7% during the 3rd quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company’s stock valued at $441,000 after purchasing an additional 108 shares in the last quarter. Vinva Investment Management Ltd increased its stake in shares of Lockheed Martin by 3.0% during the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock valued at $382,000 after buying an additional 19 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at about $1,840,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in Lockheed Martin by 139.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 80,554 shares of the aerospace company’s stock worth $47,089,000 after acquiring an additional 46,900 shares in the last quarter. Finally, Edgestream Partners L.P. increased its position in Lockheed Martin by 15.7% during the 3rd quarter. Edgestream Partners L.P. now owns 3,667 shares of the aerospace company’s stock valued at $2,144,000 after purchasing an additional 497 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

NYSE LMT opened at $441.41 on Monday. 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 stock has a market capitalization of $103.90 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a 50-day moving average price of $456.49 and a 200 day moving average price of $509.90.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company restated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $550.00 to $480.00 in a research report on Thursday. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $539.53.

About Lockheed Martin

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.