Lockheed Martin (NYSE:LMT) Shares Sold by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Lockheed Martin shares on September 17 from the Hern Family Foundation account, amid a broader series of reported sales across several holdings.
• Lockheed Martin reported a quarterly earnings and revenue beat, while raising its quarterly dividend to $3.60 per share, equivalent to a 2.8% yield.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $630.48, though investors continue to monitor execution risks, leverage and prior fixed-price contract losses.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Lockheed Martin Corporation NYSE: LMT. In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lockheed Martin stock on September 17th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 10/2/2026.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Devon Energy NYSE: DVN on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Devon Energy NYSE: DVN on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/23/2026.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/23/2026.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $521.61 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market capitalization of $120.38 billion, a PE ratio of 19.23, a P/E/G ratio of 1.09 and a beta of 0.09. The company has a 50 day moving average price of $543.57 and a 200-day moving average price of $544.37. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

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

Lockheed Martin Increases Dividend

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

Institutional Trading of Lockheed Martin

Institutional investors have recently bought and sold shares of the stock. Basso Capital Management L.P. purchased a new stake in Lockheed Martin during the 4th quarter valued at about $25,000. Burnham & Co LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at about $25,000. Field & Main Bank acquired a new position in shares of Lockheed Martin in the second quarter valued at about $26,000. Bard Associates Inc. purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $27,000. Finally, TD Capital Management LLC raised its stake in shares of Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company's stock worth $27,000 after purchasing an additional 45 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Wall Street Zen raised Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 20th. Finally, Vertical Research upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 price objective for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $630.48.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin announced a $300 million expansion of its Grand Prairie, Texas, facility, increasing its manufacturing footprint to more than 735,000 square feet. The company expects the broader expansion to support 6,000 U.S. jobs, including 2,000 in Texas, and accelerate production of advanced munitions. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: A seven-year agreement with Hadrian will bring automated manufacturing technology into Lockheed Martin’s Missiles and Fire Control facility, potentially improving production speed and supply-chain capacity for critical missile systems. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: The company is expanding solid rocket motor production with Avio for systems including Extended Range GMLRS and Precision Strike Missile, while its PAC-3 Edge interceptor launch reinforces its position in hypersonic and advanced missile defense. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Positive Sentiment: Investors are also factoring in a quarterly dividend increase to $3.60 per share and continued demand for PAC-3 MSE and THAAD interceptors ahead of Lockheed Martin’s October 22 earnings report.
• Neutral Sentiment: Analyst opinion is divided: Vertical Research views LMT as a buy, while Bernstein is more cautious. The debate centers on whether strong defense demand will outweigh execution and valuation concerns. Why Lockheed Martin Stock Popped Today
• Negative Sentiment: Investors remain mindful of past fixed-price contract problems, including $1.6 billion in reach-forward losses in 2025, elevated leverage and recent insider selling. The stock’s discount to its historical average could represent either a value opportunity or continued concern about execution. Lockheed Martin Trades Below Its Historical Average

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Lockheed Martin

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.