State of New Jersey Common Pension Fund D Reduces Stock Holdings in Lockheed Martin Corporation $LMT

State of New Jersey Common Pension Fund D decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,490 shares of the aerospace company’s stock after selling 1,641 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lockheed Martin were worth $34,578,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LMT. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth $27,000. Beacon Financial Strategies CORP purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lockheed Martin during the third quarter worth $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMT. Wells Fargo & Company began coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price on the stock. Truist Financial increased their target price on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Argus increased their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, BNP Paribas Exane dropped their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $632.58.

Lockheed Martin Trading Up 1.6%

Lockheed Martin stock opened at $518.15 on Friday. The stock has a market cap of $119.46 billion, a P/E ratio of 25.09, a PEG ratio of 0.92 and a beta of 0.23. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm’s fifty day moving average price is $617.05 and its 200-day moving average price is $553.04. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

Lockheed Martin (NYSE:LMT) last released 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). The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 29.91 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed secured a $1.13 billion U.S. Army award to produce 17 HIMARS M142 launchers through 2028, supporting U.S. and allied deliveries (Taiwan, Estonia, Sweden). A multiyear production award like this supports near?term revenue visibility and backlog. Lockheed Martin Secures $1.13 Billion HIMARS Deal
• Positive Sentiment: Program technology wins: coverage notes Lockheed’s Skunk Works and MDCX work (MQ?25A flight oversight) plus roles in the Space Force “Golden Dome” interceptor and GPS III/IIIF satellites — reinforcing its leadership in advanced air, space and missile defense programs. These program wins underpin long?term backlog and higher?margin work. Is Lockheed Martin’s Golden Dome Role Redefining Its Narrative?
• Positive Sentiment: Partnership/AI robotics angle: XTEND’s CEO detailed an AI OS for autonomous drones and cited a Lockheed partnership; XTEND plans a $1.5B NASDAQ IPO (XTND). Strategic ties to AI/autonomy startups can accelerate Lockheed’s unmanned systems roadmap and investor enthusiasm for optionality. Is This Pre?IPO AI Robotics Company the Next Big Defense Play?
• Neutral Sentiment: Analyst/opinion context: a TipRanks piece argues LMT’s recent pullback creates a buying opportunity given a large backlog (~$186B) and valuation — a positive thesis but opinion?driven rather than company?reported. Lockheed Martin Slid 27% — Backlog and Valuation Still Point to a Buy
• Neutral Sentiment: Peer moves: L3Harris (LHX) reported an upside quarter and raised 2026 EPS guidance; strong results across defense peers validate sector demand but also create relative performance comparisons. L3Harris Raises 2026 Guidance After Q1 Beat
• Neutral Sentiment: Startup ecosystem: Firestorm Labs raised $82M for fieldable drone factories — a sign of increased private capital in autonomy, which can both complement and compete with incumbents’ offerings. Firestorm Labs Raises $82M
• Negative Sentiment: Competitive/outperformance risk: General Dynamics (GD) posted a stronger Q1 and raised outlook, drawing investor attention and creating relative pressure on Lockheed if sentiment rotates to better?reporting peers. General Dynamics Raises Full?Year Outlook After Q1 Beat
• Negative Sentiment: Policy risk: rising GOP pushback on President Trump’s proposed 44% Pentagon budget increase introduces uncertainty around the pace and size of future discretionary defense funding increases, which could temper long?term upside scenarios. Republicans Push Back On Trump’s 44% Pentagon Budget Increase
• Negative Sentiment: Near?term execution: Lockheed’s April quarter missed EPS and revenue estimates (EPS shortfall and modest revenue beat/miss dynamics), which has pressured the stock during the recent pullback and remains a watch item for investors assessing the valuation gap versus fundamentals.

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.