TD Waterhouse Canada Inc. Reduces Holdings in Lockheed Martin Corporation $LMT

Key Points

• TD Waterhouse Canada cut its Lockheed Martin stake by 25.2% in the second quarter, selling 5,302 shares and retaining 15,743 shares worth approximately $8.2 million.
• Analysts’ consensus rating remains “Hold”, with an average price target of $632.39; individual views range from “Strong Buy” to “Sell.” Institutional investors and hedge funds own 74.19% of the stock.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, while revenue grew 10.5% year over year. The company also announced a quarterly dividend of $3.45 per share, equivalent to a 2.6% annual yield.

TD Waterhouse Canada Inc. lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 25.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,743 shares of the aerospace company's stock after selling 5,302 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Lockheed Martin were worth $8,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC increased its stake in Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock worth $30,000 after acquiring an additional 48 shares during the last quarter. Burnham & Co LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at about $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the third quarter valued at about $25,000. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter valued at about $25,000. Finally, Field & Main Bank purchased a new position in Lockheed Martin during the second quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMT shares. Citigroup lifted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Sanford C. Bernstein restated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. TD Cowen lowered their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 29th. Finally, UBS Group reissued a "neutral" rating and issued a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $632.39.

Lockheed Martin Stock Performance

NYSE LMT opened at $524.58 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market cap of $121.07 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.14 and a beta of 0.10. The stock has a 50-day moving average of $555.58 and a two-hundred day moving average of $570.30. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The business's quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin's dividend payout ratio is 50.87%.

Lockheed Martin Company Profile

Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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