Callan Family Office LLC Boosts Holdings in Lockheed Martin Corporation $LMT

Key Points

• Callan Family Office LLC increased its holdings in Lockheed Martin Corporation by 47.9%, now owning a total of 10,357 shares valued at approximately $4.8 million.
• Lockheed Martin recently announced a quarterly dividend increase to $3.45 per share, up from $3.30, representing a dividend yield of 2.7%.
• Analysts have set varied price targets for Lockheed Martin, with the average target currently at $503.13 and a consensus rating of "Hold".

Callan Family Office LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 47.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,357 shares of the aerospace company's stock after purchasing an additional 3,354 shares during the period. Callan Family Office LLC's holdings in Lockheed Martin were worth $4,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $221,790,000. AQR Capital Management LLC raised its position in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after buying an additional 278,121 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird lifted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Bank of America reduced their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $503.13.

Lockheed Martin Price Performance

Shares of LMT stock opened at $505.11 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a market capitalization of $117.92 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.79 and a beta of 0.28. The firm's 50-day moving average is $464.89 and its two-hundred day moving average is $462.82. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin's payout ratio is presently 74.32%.

About Lockheed Martin

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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