Boston Trust Walden Corp Buys 645 Shares of Lockheed Martin Corporation $LMT

Key Points

• Boston Trust Walden Corp increased its stake in Lockheed Martin by 2.0%, acquiring an additional 645 shares during the second quarter, bringing their total to 33,413 shares valued at $15,475,000.
• Lockheed Martin recently announced a quarterly dividend increase from $3.30 to $3.45, set to be paid on December 30th, reflecting an annualized yield of 2.7%.
• The company reported $7.29 earnings per share for the last quarter, exceeding expectations, and has set FY 2025 guidance at 21.700-22.000 EPS.

Boston Trust Walden Corp increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,413 shares of the aerospace company's stock after acquiring an additional 645 shares during the quarter. Boston Trust Walden Corp's holdings in Lockheed Martin were worth $15,475,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LMT. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Lockheed Martin by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 228,483 shares of the aerospace company's stock valued at $102,067,000 after purchasing an additional 30,890 shares in the last quarter. Montecito Bank & Trust raised its stake in Lockheed Martin by 5.9% during the first quarter. Montecito Bank & Trust now owns 630 shares of the aerospace company's stock valued at $281,000 after purchasing an additional 35 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Lockheed Martin during the first quarter valued at $2,100,000. Finally, Grimes & Company Inc. raised its stake in Lockheed Martin by 3.1% during the first quarter. Grimes & Company Inc. now owns 16,481 shares of the aerospace company's stock valued at $7,362,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.2%

Shares of Lockheed Martin stock opened at $504.77 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm's 50-day moving average is $468.02 and its two-hundred day moving average is $463.81. The stock has a market cap of $117.84 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the prior year, the business earned $7.11 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed 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. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's payout ratio is presently 74.32%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the company a "hold" rating in a research note on Wednesday, October 8th. Finally, Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $503.53.

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.

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