5,000 Lockheed Martin Corporation $LMT Shares Bought by Viking Fund Management LLC

Key Points

• Viking Fund Management increased its Lockheed Martin stake by 38.5% in the third quarter, buying 5,000 additional shares for a total of 18,000 shares valued at approximately $9.2 million. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains generally positive, with Lockheed Martin holding a “Moderate Buy” consensus rating and an average price target of $630.48, although some analysts remain cautious about contract execution and recent fixed-price program losses.
• Lockheed Martin reported quarterly earnings and revenue above expectations and raised its quarterly dividend to $3.60 per share, equivalent to a $14.40 annual payout and an approximately 2.8% yield.

Viking Fund Management LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 38.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,000 shares of the aerospace company's stock after acquiring an additional 5,000 shares during the period. Viking Fund Management LLC's holdings in Lockheed Martin were worth $9,166,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Lockheed Martin by 1.3% in the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock valued at $16,799,530,000 after purchasing an additional 419,582 shares during the period. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the second quarter valued at about $9,617,574,000. Corient Private Wealth LP bought a new stake in shares of Lockheed Martin in the second quarter valued at about $101,960,000. Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin during the second quarter worth about $645,258,000. Finally, Legal & General Group Plc acquired a new position in shares of Lockheed Martin during the second quarter worth about $497,469,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. Sanford C. Bernstein decreased their price objective on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a report on Wednesday. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research report on Monday, July 27th. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a research report on Tuesday, October 6th. They set a "buy" rating and a $650.00 price target for the company. Barclays started coverage on shares of Lockheed Martin in a research note on Friday, October 9th. They set an "equal weight" rating and a $554.00 price target for the company. Finally, UBS Group upgraded shares of Lockheed Martin from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $581.00 to $674.00 in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $630.48.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin plans to invest approximately $300 million to expand its Grand Prairie, Texas, advanced-munitions facility to more than 735,000 square feet. The expansion is expected to support roughly 2,000 Texas jobs and 6,000 jobs nationwide, while increasing PAC-3 MSE missile production from about 600 units annually toward at least 2,000 over time. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: Chief Executive Jim Taiclet described defense demand as “permanent,” reinforcing investor expectations for sustained orders tied to missile defense and global military restocking. The company also signed a seven-year agreement with Hadrian to introduce automated manufacturing technology at its Texas Missiles and Fire Control facility. LMT Stock Tracks Best Week Since Mid-August
• Positive Sentiment: A strategic cooperation agreement with Italy’s Avio will expand U.S. solid rocket motor production for the Extended Range GMLRS and Precision Strike Missile programs, potentially strengthening Lockheed Martin’s supply chain and future production capacity. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Neutral Sentiment: Analyst opinion is divided: Vertical Research upgraded the stock to Buy, while Bernstein remains more cautious. Investors are also positioning ahead of the projected quarterly earnings announcement, making results, guidance and cash flow important near-term catalysts. Why Lockheed Martin Stock Popped Today
• Negative Sentiment: Bearish commentary points to Lockheed Martin trading below its historical average after $1.6 billion of reach-forward losses in 2025 on troubled fixed-price programs. Although the company’s recent earnings beat was strong, investors remain concerned about contract execution, leverage and whether current defense optimism is fully reflected in the stock. Lockheed Martin Trades Below Its Historical Average

Lockheed Martin Trading Up 3.5%

Shares of NYSE:LMT opened at $521.61 on Thursday. The company's 50-day moving average price is $543.57 and its two-hundred day moving average price is $544.37. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $120.38 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.09.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. Lockheed Martin's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a yield of 2.8%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin's payout ratio is currently 53.08%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

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