Toronto Dominion Bank Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Toronto Dominion Bank grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,943 shares of the aerospace company's stock after acquiring an additional 78,568 shares during the quarter. Toronto Dominion Bank owned about 0.08% of Lockheed Martin worth $89,386,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin during the fourth quarter worth $42,000. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on LMT. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $467.54 on Friday. The company has a market capitalization of $109.54 billion, a PE ratio of 21.00, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a 50-day simple moving average of $461.21 and a two-hundred day simple moving average of $479.58. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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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