National Pension Service Increases Stock Position in Lockheed Martin Corporation $LMT

Key Points

• National Pension Service increased its Lockheed Martin stake by 27.1% in the fourth quarter, buying an additional 131,947 shares and bringing its total holding to 618,152 shares worth about $299 million.
• Lockheed Martin’s latest quarterly results missed expectations, with EPS of $6.44 versus the $6.79 estimate and revenue of $18.02 billion versus the $18.38 billion consensus. The company also guided FY 2026 EPS to 29.35-30.25.
• Despite mixed analyst sentiment, Lockheed Martin declared a quarterly dividend of $3.45 per share payable June 26, implying a 2.6% yield. Analysts currently have a consensus rating of Hold with an average price target of $620.68.

National Pension Service grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 618,152 shares of the aerospace company's stock after acquiring an additional 131,947 shares during the quarter. National Pension Service owned about 0.27% of Lockheed Martin worth $298,982,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cerro Pacific Wealth Advisors LLC raised its stake in Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock valued at $665,000 after buying an additional 16 shares during the last quarter. Garner Asset Management Corp raised its stake in Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock valued at $839,000 after buying an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock valued at $234,000 after buying an additional 17 shares during the last quarter. Aspire Growth Partners LLC raised its stake in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after buying an additional 17 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in Lockheed Martin by 3.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company's stock valued at $282,000 after buying an additional 18 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LMT shares. Citigroup decreased their target price on shares of Lockheed Martin from $675.00 to $571.00 and set a "neutral" rating for the company in a research note on Monday, May 18th. DZ Bank raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, BNP Paribas Exane decreased their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $620.68.

Lockheed Martin Stock Up 1.1%

LMT opened at $536.93 on Friday. 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 1-year low of $410.11 and a 1-year high of $692.00. The company has a market capitalization of $123.80 billion, a PE ratio of 26.00, a PEG ratio of 0.96 and a beta of 0.10. The firm's 50 day simple moving average is $568.83 and its two-hundred day simple moving average is $558.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the business posted $7.28 earnings per share. The firm'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, equities analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin's payout ratio is currently 66.83%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin and Raytheon’s Javelin joint venture delivered the first Lightweight Command Launch Units to the U.S. Army, a concrete sign that next-generation missile-defense hardware is reaching end users and supporting future revenue visibility. Lockheed Martin Javelin Launcher Delivery Highlights Valuation Gap And Growth Watchpoints
• Positive Sentiment: The company is seeing rising demand for missile defense, sustainment, and autonomous systems, reinforcing the view that Lockheed’s core defense portfolio still has strong backlog and long-term growth drivers. Lockheed Martin sees rising demand for missile defense, sustainment, autonomous systems
• Positive Sentiment: Lockheed Martin’s expansion of Alabama munitions capacity suggests management is investing for higher production volumes and better supply-chain resilience, which could support future sales and margins. Lockheed Martin Expands Alabama Munitions Capacity As Valuation Draws Investor Focus
• Positive Sentiment: The company also won a share of more than $1.1 billion in U.S. defense contracts, including work tied to F-35 and MLRS support, adding near-term revenue support. LMT, RTX Win Big US Defense Contracts Worth Over $1.1B
• Neutral Sentiment: Analysts and media coverage are debating Lockheed Martin versus Boeing as a 2026 industrials buy, with Lockheed favored for steadier defense cash flows while Boeing offers more cyclical upside. Lockheed Martin vs. Boeing: Which Industrials Stock Is a Better Buy in 2026?
• Neutral Sentiment: Citi cut its price target on Lockheed Martin to $571 from $675 while keeping a Neutral rating, which may cap enthusiasm even as the stock benefits from strong defense demand. Is Lockheed Martin (LMT) One of the Best Blue Chip Stocks to Buy for Your Retirement Portfolio?
• Negative Sentiment: Defense-program commentary on F-35 Block 4 funding and upcoming PTMS analysis highlights execution and budget scrutiny, which could pressure sentiment if costs rise or upgrades slip. F-35 Program And Lockheed Martin To Finish F-35 PTMS Analysis Soon, As HASC Argues Block 4 “Underfunded”

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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