Callan Family Office LLC Purchases Shares of 11,401 Lockheed Martin Corporation $LMT

Callan Family Office LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,401 shares of the aerospace company’s stock, valued at approximately $5,808,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after buying an additional 595 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after acquiring an additional 13,300 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $564.61 on Friday. The firm has a market cap of $130.31 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. The firm’s 50-day simple moving average is $547.80 and its 200-day simple moving average is $575.73. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00.

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

Lockheed Martin Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on LMT shares. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. TD Cowen lowered their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Susquehanna cut their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $632.39.

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.