Lockheed Martin Corporation $LMT Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 25.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. BlackRock Inc. purchased a new stake in shares of Lockheed Martin during the second quarter worth approximately $9,617,574,000. Corient Private Wealth LP purchased a new position in Lockheed Martin in the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp purchased a new position in Lockheed Martin in the second quarter worth approximately $645,258,000. Legal & General Group Plc acquired a new position in Lockheed Martin during the 2nd quarter worth 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 worth $531,493,000 after acquiring an additional 877,932 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.6%

LMT stock opened at $524.58 on Friday. 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 Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company’s 50 day moving average is $555.58 and its two-hundred day moving average is $570.30. The stock has a market cap of $121.07 billion, a P/E ratio of 19.34, a PEG ratio of 1.14 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Royal Bank Of Canada lifted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Citigroup boosted their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin 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.