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

Boston Research & Management Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,206 shares of the aerospace company’s stock after buying 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of LMT. Summit Financial LLC lifted its stake in shares of Lockheed Martin by 7.6% during the 4th quarter. Summit Financial LLC now owns 4,863 shares of the aerospace company’s stock worth $2,363,000 after purchasing an additional 344 shares during the period. Hoey Investments Inc. increased its stake in Lockheed Martin by 33.9% in the fourth quarter. Hoey Investments Inc. now owns 2,304 shares of the aerospace company’s stock valued at $1,120,000 after purchasing an additional 583 shares during the last quarter. Alliancebernstein L.P. lifted its position in Lockheed Martin by 9.0% during the fourth quarter. Alliancebernstein L.P. now owns 298,373 shares of the aerospace company’s stock worth $144,991,000 after buying an additional 24,530 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in Lockheed Martin in the 4th quarter worth about $178,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Lockheed Martin by 918.2% during the 4th quarter. Meeder Asset Management Inc. now owns 336 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $441.41 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The company has a 50-day moving average of $456.49 and a 200-day moving average of $509.90. The company has a market capitalization of $103.90 billion, a P/E ratio of 19.83, a PEG ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Announces Dividend

The firm 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. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price target 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. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $539.53.

Insider Activity at Lockheed Martin

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

Lockheed Martin Company 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.