TD Asset Management Inc Purchases 1,422 Shares of Lockheed Martin Corporation $LMT

TD Asset Management Inc grew its position in Lockheed Martin Corporation (NYSE:LMT) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,330 shares of the aerospace company’s stock after acquiring an additional 1,422 shares during the period. TD Asset Management Inc’s holdings in Lockheed Martin were worth $48,043,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after acquiring an additional 79,491 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Lockheed Martin by 4.2% in the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after purchasing an additional 87,663 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Lockheed Martin by 6.6% in the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock valued at $510,662,000 after purchasing an additional 63,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Lockheed Martin by 41.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock valued at $403,534,000 after purchasing an additional 236,137 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Lockheed Martin by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after purchasing an additional 108,553 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. BNP Paribas Exane lowered their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Wells Fargo & Company began coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target for the company. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Royal Bank Of Canada lowered their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Price Performance

LMT opened at $524.13 on Friday. The company has a fifty day moving average price of $556.10 and a two-hundred day moving average price of $560.17. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The firm has a market capitalization of $120.84 billion, a PE ratio of 25.38, a P/E/G ratio of 0.94 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period last year, the firm earned $7.28 EPS. Lockheed Martin’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 66.83%.

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.