Boston Research & Management Inc. Acquires 388 Shares of Lockheed Martin Corporation $LMT

Boston Research & Management Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,504 shares of the aerospace company’s stock after buying an additional 388 shares during the period. Boston Research & Management Inc.’s holdings in Lockheed Martin were worth $5,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Vanguard Group Inc. increased its position in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after acquiring an additional 214,565 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock worth $2,256,147,000 after purchasing an additional 19,459 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after buying an additional 31,443 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after buying an additional 12,899 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 1.7%

Shares of LMT stock opened at $460.15 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $546.00. The company has a market capitalization of $106.48 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The firm has a 50 day moving average price of $484.68 and a two-hundred day moving average price of $466.88. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LMT shares. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Morgan Stanley upped their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on shares of Lockheed Martin in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 target price for the company. The Goldman Sachs Group boosted their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Finally, Robert W. Baird raised their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $515.50.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.