North Dakota State Investment Board Takes Position in Lockheed Martin Corporation $LMT

North Dakota State Investment Board bought a new stake in Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,166 shares of the aerospace company’s stock, valued at approximately $3,466,000.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in shares of Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Welch Group LLC boosted its position in shares of Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after purchasing an additional 1,999 shares in the last quarter. Jain Global LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth approximately $38,064,000. Atlantic Union Bankshares Corp boosted its stake in Lockheed Martin by 182.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock worth $18,478,000 after purchasing an additional 23,888 shares in the last quarter. Finally, Clough Capital Partners L P acquired a new stake in Lockheed Martin in the 3rd quarter worth approximately $31,018,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent analyst reports. Citigroup lifted their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Bank of America lowered their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. Finally, Morgan Stanley lowered their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $628.63.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $516.25 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a 50 day simple moving average of $590.88 and a two-hundred day simple moving average of $555.16. The stock has a market cap of $119.03 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the previous year, the firm posted $7.28 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is 66.83%.

Lockheed Martin 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.