TD Asset Management Inc Sells 631 Shares of Lockheed Martin Corporation $LMT

Key Points

• TD Asset Management Inc sold 631 shares of Lockheed Martin, reducing its stake by 0.6%, leaving it with 99,242 shares valued at approximately $45.96 million.
• Lockheed Martin is set to increase its quarterly dividend from $3.30 to $3.45 per share, resulting in an annual yield of 2.8% for stockholders of record on December 1st.
• Despite recent earnings surpassing expectations, Lockheed Martin's stock price has seen a 1.4% decline, with analysts setting various price targets ranging from $453 to $590.

TD Asset Management Inc reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,242 shares of the aerospace company's stock after selling 631 shares during the quarter. TD Asset Management Inc's holdings in Lockheed Martin were worth $45,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. 49 Wealth Management LLC raised its position in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying an additional 22 shares in the last quarter. OMNI 360 Wealth Inc. grew its holdings in Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its holdings in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock valued at $225,000 after purchasing an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its holdings in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 1.4%

NYSE:LMT opened at $492.65 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a 50-day moving average of $470.54 and a 200 day moving average of $464.37. The firm has a market cap of $115.01 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. 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 (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the firm earned $7.11 earnings per share. The company'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 anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. Lockheed Martin's payout ratio is 74.32%.

Analysts Set New Price Targets

Several equities analysts recently commented on LMT shares. UBS Group cut their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Susquehanna upped their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a report on Thursday, October 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Truist Financial upped their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and a consensus price target of $510.29.

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.

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