Boston Financial Mangement LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Boston Financial Mangement LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,173 shares of the aerospace company’s stock after buying an additional 435 shares during the quarter. Lockheed Martin makes up 1.1% of Boston Financial Mangement LLC’s portfolio, making the stock its 25th biggest holding. Boston Financial Mangement LLC’s holdings in Lockheed Martin were worth $36,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the third quarter worth about $40,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter valued at approximately $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $432.68 on Thursday. The firm has a market capitalization of $101.85 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.00 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50 day simple moving average of $472.21 and a 200-day simple moving average of $530.35. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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 forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.05%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LMT shares. TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley reduced their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $555.60.

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.