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 4th quarter, HoldingsChannel.com reports. The firm bought 7,166 shares of the aerospace company’s stock, valued at approximately $3,466,000.

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Lockheed Martin by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after purchasing an additional 79,491 shares during the period. Invesco Ltd. lifted its stake in shares of Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after purchasing an additional 87,663 shares during the period. Legal & General Group Plc lifted its stake in shares of Lockheed Martin by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock valued at $510,662,000 after purchasing an additional 63,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lockheed Martin by 41.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock valued at $403,534,000 after purchasing an additional 236,137 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lockheed Martin by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after purchasing an additional 108,553 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LMT shares. Truist Financial upped their price target on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Bank of America reduced their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Susquehanna reduced their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $628.63.

Lockheed Martin Price Performance

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

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the company earned $7.28 EPS. Lockheed Martin’s revenue was up .3% compared to the same quarter last year. 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 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.