2,132 Lockheed Martin Corporation $LMT Shares Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Lockheed Martin stake by 13.5% in the third quarter, purchasing 2,132 shares to hold 17,875 shares valued at approximately $9.04 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin is benefiting from strong missile-defense demand, including a planned $300 million Texas investment and expanded PAC-3 MSE production. The company also raised its quarterly dividend 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $627.10 target price, although RBC cut its target to $550 and investors remain concerned about elevated debt, fixed-price contract risks and valuation.

TD Waterhouse Canada Inc. boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,875 shares of the aerospace company's stock after buying an additional 2,132 shares during the period. TD Waterhouse Canada Inc.'s holdings in Lockheed Martin were worth $9,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. BlackRock Inc. bought a new stake in Lockheed Martin during the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP bought a new position in Lockheed Martin in the 2nd quarter worth approximately $101,960,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Legal & General Group Plc purchased a new stake in Lockheed Martin during the 2nd quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. grew its holdings in Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock valued at $531,493,000 after buying an additional 877,932 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: UBS reiterated its bullish view and said Lockheed’s missile sales could grow roughly 20% annually for years. The highly profitable Missiles and Fire Control division could drive earnings growth faster than revenue, supporting the stock’s recent momentum. Why Lockheed Martin Stock Keeps Going Up
• Positive Sentiment: Lockheed announced a $300 million Texas investment and plans to add approximately 6,000 U.S. jobs, expanding advanced-munitions capacity. PAC-3 MSE production is targeted to rise from about 600 units annually to at least 2,000 over time, improving the company’s ability to capture sustained missile-defense demand. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company raised its quarterly dividend 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years. The increase reinforces Lockheed’s appeal to income-focused investors. This Defense Stock Just Raised Its Dividend by 4.3%
• Positive Sentiment: Lockheed delivered a C-130J-30 aircraft to the U.S. Navy for the future E-130J Phoenix II TACAMO mission, highlighting continued demand for its strategic-airlift and command-and-control platforms. U.S. Navy Receives C-130J-30 Super Hercules
• Neutral Sentiment: Analysts expect third-quarter earnings to grow about 7.6%, with missile-defense demand and production increases supporting revenue. Investors are watching the October 22 report for evidence that recent investments are translating into cash flow and profit growth.
• Neutral Sentiment: Potential changes to Norway’s sovereign wealth fund rules could eventually allow investment in Lockheed, which is currently excluded because of its nuclear-weapons involvement. Any benefit remains speculative and depends on the policy change.
• Negative Sentiment: RBC lowered its price target from $600 to $550 and maintained a “sector perform” rating, signaling limited near-term upside at current valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors continue to weigh Lockheed’s elevated debt, execution risks on fixed-price programs and the possibility of future contract charges. Bernstein also maintained a hold rating.

Lockheed Martin Price Performance

NYSE:LMT opened at $551.96 on Monday. The business's 50-day moving average is $541.90 and its 200 day moving average is $543.48. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The company has a market capitalization of $127.39 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.20 and a beta of 0.09. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be issued a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin's payout ratio is 50.87%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. Vertical Research upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 price objective on the stock in a research report on Wednesday. UBS Group restated a "buy" rating and set a $653.00 target price on shares of Lockheed Martin in a research report on Friday. Citigroup upped their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Rothschild & Co Redburn assumed coverage on shares of Lockheed Martin in a research note on Tuesday, October 6th. They set a "buy" rating and a $650.00 target price for the company. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $627.10.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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