TD Asset Management Inc. decreased its position in Lockheed Martin Co. (NYSE:LMT) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 503,684 shares of the aerospace company’s stock after selling 8,351 shares during the period. TD Asset Management Inc.’s holdings in Lockheed Martin were worth $183,109,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lucia Wealth Services LLC lifted its holdings in Lockheed Martin by 78.5% during the second quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock worth $69,000 after buying an additional 84 shares during the period. Cypress Capital Management LLC lifted its holdings in Lockheed Martin by 9.4% during the first quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock worth $526,000 after buying an additional 150 shares during the period. Carroll Financial Associates Inc. lifted its holdings in Lockheed Martin by 44.6% during the second quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock worth $455,000 after buying an additional 386 shares during the period. United Asset Strategies Inc. lifted its holdings in Lockheed Martin by 1.3% during the first quarter. United Asset Strategies Inc. now owns 4,943 shares of the aerospace company’s stock worth $1,484,000 after buying an additional 62 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in Lockheed Martin by 1.5% during the first quarter. Independent Advisor Alliance now owns 20,415 shares of the aerospace company’s stock worth $6,128,000 after buying an additional 303 shares during the period. Institutional investors own 78.55% of the company’s stock.

Shares of LMT traded up $0.57 during midday trading on Tuesday, hitting $377.57. 45,772 shares of the company’s stock traded hands, compared to its average volume of 1,237,155. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. The company’s fifty day moving average is $365.90. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $379.36. The firm has a market cap of $106.57 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The firm had revenue of $14.42 billion for the quarter, compared to the consensus estimate of $14.17 billion. During the same period in the prior year, the firm earned $4.31 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 21.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, August 30th. Lockheed Martin’s payout ratio is 49.30%.

In other news, Director James D. Taiclet, Jr. bought 1,354 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $376.32 per share, with a total value of $509,537.28. Following the transaction, the director now directly owns 1,354 shares in the company, valued at $509,537.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth R. Possenriede sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total value of $727,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,503 shares of company stock worth $8,292,527. 0.35% of the stock is owned by insiders.

A number of analysts have weighed in on the company. Credit Suisse Group upped their target price on Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price objective on Lockheed Martin from $324.00 to $356.00 and gave the company an “equal weight” rating in a report on Friday, June 14th. UBS Group increased their price objective on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Cowen reiterated a “buy” rating and set a $360.00 price objective on shares of Lockheed Martin in a report on Wednesday, April 24th. Finally, Robert W. Baird increased their price objective on Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $366.43.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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