What Happened?
Shares of welding equipment manufacturer Lincoln Electric (NASDAQ: LECO) jumped 4.1% in the afternoon session after the stock's positive momentum continued as the company announced a major partnership with the U.S. Navy and General Dynamics to enhance submarine production, and an analyst raised the stock's price target.
This new partnership involved using advanced 3D printing, also known as additive manufacturing, to create components for the Navy's nuclear-powered submarines. The goal of this effort was to speed up the construction and delivery of these essential vessels by reducing long lead times for critical parts. The funding came from the Maritime Industrial Base Program, which aimed to strengthen the country's submarine construction capabilities. Adding to the positive news, analysts at Baird also increased their price target on Lincoln Electric's stock to $283 from $280 while keeping an Outperform rating.
After the initial pop the shares cooled down to $238.93, up 3.2% from previous close.
Is now the time to buy Lincoln Electric? Access our full analysis report here.
What Is The Market Telling Us
Lincoln Electric’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Lincoln Electric is up 29.3% since the beginning of the year, and at $238.93 per share, it is trading close to its 52-week high of $247.76 from August 2025. Investors who bought $1,000 worth of Lincoln Electric’s shares 5 years ago would now be looking at an investment worth $2,518.
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