Boston Trust Walden Corp Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Boston Trust Walden Corp raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,548 shares of the aerospace company’s stock after acquiring an additional 3,215 shares during the period. Boston Trust Walden Corp’s holdings in Lockheed Martin were worth $13,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leisure Capital Management increased its position in shares of Lockheed Martin by 0.8% during the fourth quarter. Leisure Capital Management now owns 2,970 shares of the aerospace company’s stock worth $1,443,000 after acquiring an additional 23 shares during the period. Prudent Investors Network Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $899,000. Panoramic Investment Advisors LLC boosted its stake in Lockheed Martin by 17.7% during the 4th quarter. Panoramic Investment Advisors LLC now owns 691 shares of the aerospace company’s stock worth $336,000 after purchasing an additional 104 shares during the period. Catalina Capital Group LLC grew its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Catalina Capital Group LLC now owns 1,251 shares of the aerospace company’s stock worth $608,000 after buying an additional 60 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Lockheed Martin by 0.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 8,337 shares of the aerospace company’s stock valued at $4,051,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LMT shares. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $455.85 on Tuesday. 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 one year low of $413.92 and a one year high of $618.95. The stock’s 50 day moving average price is $492.29 and its 200 day moving average price is $537.32. The firm has a market capitalization of $107.30 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released 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 net margin of 7.51% and a return on equity of 101.47%. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.