Family Legacy Inc. Buys New Stake in Lockheed Martin Corporation $LMT

Key Points

• Family Legacy Inc. acquired 8,574 Lockheed Martin shares during the second quarter, valued at approximately $4.37 million. Institutional investors and hedge funds collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, with revenue up 10.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $29.95–$30.65.
• Lockheed Martin declared a quarterly dividend of $3.45, equivalent to an annualized $13.80 and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Family Legacy Inc. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,574 shares of the aerospace company's stock, valued at approximately $4,368,000.

Several other large investors have also recently added to or reduced their stakes in LMT. IAG Wealth Partners LLC raised its stake in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 48 shares during the period. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $25,000. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the 4th quarter valued at $26,000. Finally, Triumph Capital Management lifted its holdings in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock worth $26,000 after buying an additional 22 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $608.21 on Friday. 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 $436.46 and a 1 year high of $692.00. The firm's 50-day simple moving average is $542.51 and its 200-day simple moving average is $576.46. The firm has a market cap of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) 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 declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's payout ratio is 50.87%.

Analyst Ratings Changes

A number of research firms have weighed in on LMT. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. 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. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $632.39.

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.

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