TD Waterhouse Canada Inc. Boosts Stake in Lockheed Martin Corporation $LMT

TD Waterhouse Canada Inc. increased its position in Lockheed Martin Corporation (NYSE:LMT) by 28.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,934 shares of the aerospace company’s stock after purchasing an additional 2,205 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lockheed Martin were worth $4,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth about $27,000. Beacon Financial Strategies CORP purchased a new position in Lockheed Martin during the 4th quarter valued at about $34,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Lockheed Martin during the 3rd quarter valued at about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LMT. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a report on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a research report on Tuesday, February 3rd. Finally, Argus lifted their price objective on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $645.79.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Final GPS III satellite launched — Lockheed announced the successful launch of the final GPS III spacecraft and highlighted upgrades and crosslink demo work that pave the way for the next?gen GPS IIIF production, a clear win for Lockheed’s space backlog and recurring revenue outlook. Lockheed Martin Launches GPS III Satellite
• Positive Sentiment: New contract awards — Reports show Lockheed won about $137M in defense contracts, reinforcing near?term revenue visibility across its portfolio. Contract momentum supports cash flow and backlog strength. Lockheed Martin wins $137M in defense contracts
• Positive Sentiment: Supply?chain progress on space programs — General Atomics says it will deliver infrared payloads for Lockheed’s Space Development Agency tracking?layer Tranche 3 work, signaling subcontractor execution and advancing Lockheed’s SDA program commitments. General Atomics to Deliver Infrared Payloads for Lockheed Martin’s SDA Contract
• Positive Sentiment: Retail and premarket buzz — Social/retail chatter spiked (reported >800% jump) and premarket coverage noted a lift following the GPS III launch and contract headlines, which can amplify short?term buying interest. LMT stock sees over 800% jump in retail chatter
• Neutral Sentiment: Analyst/idea flow is supportive but mixed — Multiple outlets (Zacks, Motley Fool) continue to profile LMT as a value/defense pick and highlight near?term upside given defense spending and a strong backlog; these notes sustain interest but don’t change fundamentals immediately. LMT vs. GD: Which Defense Stock Looks More Attractive Right Now?
• Negative Sentiment: Long?term cost scrutiny on the F?35 — A Business Insider deep dive highlights lifetime F?35 program costs north of $2 trillion, noting sustainment (maintenance/repairs) accounts for ~75% of program expenses. That story can revive political and budget scrutiny and cloud margin expectations on F?35 sustainment revenues. Why Lockheed Martin’s $2 trillion F-35 program is so expensive

Lockheed Martin Stock Performance

Shares of LMT stock opened at $572.81 on Wednesday. The company has a market capitalization of $132.01 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company’s 50-day moving average is $634.73 and its 200 day moving average is $553.07.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $7.67 earnings per share. Sell-side analysts expect that Lockheed Martin Corporation will post 29.95 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

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.