Lockheed Martin (NYSE:LMT) Stock Sale Disclosed by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern disclosed selling $15,001–$50,000 of Lockheed Martin stock from his family trust on September 23, adding to a series of recent sales across several companies.
• Lockheed Martin shares opened at $521.61, while analysts maintained a generally positive but divided outlook; the stock carries a “Moderate Buy” consensus rating and an average price target of $630.48.
• The company raised its quarterly dividend to $3.60 per share and continues expanding advanced-munitions production, but investors remain focused on execution risks, leverage and the upcoming October 22 earnings report.

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 23rd. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" 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 $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.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/17/2026.

Lockheed Martin Stock Up 3.5%

LMT stock opened at $521.61 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a fifty day simple moving average of $543.57 and a 200 day simple moving average of $544.37. The firm has a market cap of $120.38 billion, a PE ratio of 19.23, a PEG ratio of 1.09 and a beta of 0.09.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

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

More 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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Lockheed Martin by 1.3% in the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock valued at $16,799,530,000 after purchasing an additional 419,582 shares in the last quarter. BlackRock Inc. bought a new position in Lockheed Martin in the second quarter valued at about $9,617,574,000. Corient Private Wealth LP raised its stake in Lockheed Martin by 3,983.3% during the second quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company's stock worth $3,622,750,000 after acquiring an additional 6,936,814 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $645,258,000. Finally, Diamant Asset Management Inc. boosted its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock valued at $531,493,000 after purchasing an additional 877,932 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LMT shares. Vertical Research upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 target price for the company in a report on Wednesday. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Barclays began coverage on shares of Lockheed Martin in a report on Friday, October 9th. They set an "equal weight" rating and a $554.00 price objective for the company. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a "hold" rating on the stock in a report on Friday, October 9th. Finally, Morgan Stanley lifted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $630.48.

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.

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