Boston Financial Mangement LLC Has $43.10 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Boston Financial Mangement LLC decreased its position in Lockheed Martin Co. (NYSE:LMT) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,738 shares of the aerospace company’s stock after selling 2,576 shares during the quarter. Lockheed Martin comprises approximately 1.3% of Boston Financial Mangement LLC’s investment portfolio, making the stock its 23rd biggest position. Boston Financial Mangement LLC’s holdings in Lockheed Martin were worth $43,104,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Stokes Family Office LLC bought a new stake in shares of Lockheed Martin in the first quarter valued at about $425,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Lockheed Martin by 17.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 193,600 shares of the aerospace company’s stock worth $88,063,000 after purchasing an additional 28,697 shares during the period. Plimoth Trust Co. LLC increased its holdings in shares of Lockheed Martin by 3.6% during the first quarter. Plimoth Trust Co. LLC now owns 5,050 shares of the aerospace company’s stock worth $2,297,000 after purchasing an additional 175 shares during the period. BluePath Capital Management LLC raised its position in shares of Lockheed Martin by 9.1% in the first quarter. BluePath Capital Management LLC now owns 3,225 shares of the aerospace company’s stock valued at $1,467,000 after buying an additional 268 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of Lockheed Martin by 2.0% in the first quarter. Valley National Advisers Inc. now owns 19,632 shares of the aerospace company’s stock valued at $8,929,000 after buying an additional 386 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.3 %

NYSE LMT opened at $555.17 on Tuesday. The company has a market cap of $133.21 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business’s fifty day moving average is $580.01 and its 200 day moving average is $516.25.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.38%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Susquehanna decreased their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Finally, Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.71.

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.