Callan Family Office LLC Takes Position in Lockheed Martin Corporation $LMT

Callan Family Office LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,401 shares of the aerospace company’s stock, valued at approximately $5,808,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. BlackRock Inc. acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Bank of New York Mellon Corp bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Diamant Asset Management Inc. boosted its position 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 valued at $531,493,000 after purchasing an additional 877,932 shares during the period. AQR Capital Management LLC boosted its position in Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares during the period. Finally, Deutsche Bank AG acquired a new position in Lockheed Martin during the 2nd quarter valued at approximately $274,558,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Finally, TD Cowen cut their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $564.61 on Friday. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. The business has a 50 day simple moving average of $547.80 and a 200 day simple moving average of $575.73.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

About Lockheed Martin

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.