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Paul Harry Edward III, Vice President and Controller at Lockheed Martin Corp. (NYSE:LMT), recently sold shares in the aerospace and defense company. According to a Form 4 filing with the Securities and Exchange Commission, Edward sold 707 shares of common stock on February 26, 2025, at a weighted average price of $442.61 per share. The sale totaled approximately $312,923. The stock currently trades at $450.37, near its 52-week low of $419.70, with InvestingPro analysis suggesting the stock is fairly valued based on its comprehensive Fair Value model.
Following this transaction, Edward holds 2,278 shares directly. Additionally, he retains 113 shares indirectly through the Lockheed Martin Salaried Savings Plan. The company, with a market capitalization of $105 billion, maintains a strong dividend track record, having raised its dividend for 22 consecutive years, currently yielding 2.93%.
In a separate transaction on the same day, Edward acquired 962 restricted stock units, which will vest on the third anniversary of the grant date. Each unit represents the right to receive one share of Lockheed Martin common stock. InvestingPro subscribers can access detailed insider trading patterns and 12+ additional key insights about LMT through the comprehensive Pro Research Report.
In other recent news, Lockheed Martin Corporation reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $7.67, surpassing the forecasted $6.58. However, the company’s revenue fell slightly short of projections, totaling $18.6 billion compared to the anticipated $18.84 billion. Despite the earnings beat, investors expressed concerns over the revenue shortfall and $1.8 billion in net charges, which impacted the company’s financial results. These developments come alongside news of planned defense budget cuts, as reported by The Washington Post, which could affect future revenue streams for defense contractors like Lockheed Martin. The Trump administration has directed the Pentagon to prepare for an 8% annual reduction in the defense budget over the next five years. Additionally, Lockheed Martin’s strategic focus remains on the F-35 program, with increased deliveries planned for 2025. The company anticipates 4-5% sales growth in 2025, with segment operating margins expected to return to 11%. Investors will be closely monitoring how these factors, including potential budget cuts, may influence Lockheed Martin’s future financial performance.
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