Narwhal Capital Management Buys 4,564 Shares of Lockheed Martin Corporation $LMT

Narwhal Capital Management grew its position in Lockheed Martin Corporation (NYSE:LMT) by 14.3% during the third quarter, HoldingsChannel reports. The firm owned 36,465 shares of the aerospace company’s stock after buying an additional 4,564 shares during the quarter. Lockheed Martin comprises approximately 1.3% of Narwhal Capital Management’s holdings, making the stock its 17th biggest position. Narwhal Capital Management’s holdings in Lockheed Martin were worth $18,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Pioneer Trust Bank N A OR grew its stake in Lockheed Martin by 2.6% in the 3rd quarter. Pioneer Trust Bank N A OR now owns 1,959 shares of the aerospace company’s stock valued at $978,000 after buying an additional 50 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Lockheed Martin by 30.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,394 shares of the aerospace company’s stock worth $11,679,000 after acquiring an additional 5,398 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Lockheed Martin by 1.7% during the third quarter. State of Alaska Department of Revenue now owns 31,820 shares of the aerospace company’s stock valued at $15,884,000 after acquiring an additional 536 shares during the period. Capital Investment Advisors LLC boosted its holdings in Lockheed Martin by 11.3% during the third quarter. Capital Investment Advisors LLC now owns 119,847 shares of the aerospace company’s stock valued at $59,829,000 after acquiring an additional 12,205 shares during the period. Finally, Steinberganna Wealth Management acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $688,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock opened at $542.87 on Friday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $546.07. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The stock’s fifty day simple moving average is $473.83 and its 200 day simple moving average is $468.01. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 1.48 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BNP Paribas Exane assumed coverage on Lockheed Martin in a research report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective for the company. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Sanford C. Bernstein increased their price objective on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 target price (up previously from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $512.35.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Large proposed defense budget: President Trump’s proposal to raise U.S. military spending toward $1.5 trillion has pushed defense names higher and is the primary near‑term driver supporting LMT’s rally. A $1.5 Trillion Reason to Buy Lockheed Martin Stock in 2026
• Positive Sentiment: Operational momentum: Lockheed reported a record 191 F‑35 deliveries in 2025, reinforcing production scale and contract leverage that investors reward in a higher‑budget scenario. Lockheed says 2025 F-35 deliveries hit 191 as demand lifts production pace
• Positive Sentiment: Analyst upgrade / attractive risk/reward: Truist upgraded LMT, saying the risk/reward looks more attractive after 2025 weakness — a catalyst for buyers seeking exposure to a higher‑spend backdrop. After a Tough 2025, Lockheed Martin Stock Can Have a Better 2026
• Positive Sentiment: Upgraded estimates: Several Zacks analyst notes raised near‑term EPS estimates for 2026/2027, supporting an earnings outlook that justifies premium defense multiples if budgets rise. Lockheed Martin (LMT Stock) Climbs On Trump’s Defense Budget Comments: These Congress Members Could Profit
• Neutral Sentiment: Short‑term price action/volume: Coverage notes the stock moved on heavy volume and that recent earnings‑estimate revisions are mixed; technical momentum may continue but could be choppy. Lockheed (LMT) Surges 4.3%: Is This an Indication of Further Gains?
• Negative Sentiment: Regulatory/policy risk — buybacks & dividends: An executive order and social‑media posts from the president targeting buybacks/dividends for defense contractors caused sharp volatility and could pressure shareholder returns going forward. Trump signs order to block defense companies from buying back stock until arms production improves
• Negative Sentiment: Sentiment whipsaw from presidential comments: Markets reacted to posts about restricting buybacks/dividends, briefly hitting shares before the budget news reversed some losses — political headlines remain a wild card. Lockheed Martin, Northrop Grumman Shares Hit by Trump Post on Share Buybacks

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

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.