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

Posted by Ethan Ryder on Oct 15th, 2026

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 Trading Up 3.5%

Shares of LMT stock opened at $521.61 on Thursday. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. 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 stock’s fifty day moving average is $543.57 and its two-hundred day moving average is $544.37. The firm has a market capitalization of $120.38 billion, a P/E ratio of 19.23, a PEG ratio of 1.09 and a beta of 0.09.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts expect that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

Key Headlines Impacting Lockheed Martin

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

Positive Sentiment: Lockheed Martin plans to invest approximately $300 million to expand its Grand Prairie, Texas, advanced-munitions facility to more than 735,000 square feet. The expansion is expected to support roughly 2,000 Texas jobs and 6,000 jobs nationwide, while increasing PAC-3 MSE missile production from about 600 units annually toward at least 2,000 over time. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
Positive Sentiment: Chief Executive Jim Taiclet described defense demand as “permanent,” reinforcing investor expectations for sustained orders tied to missile defense and global military restocking. The company also signed a seven-year agreement with Hadrian to introduce automated manufacturing technology at its Texas Missiles and Fire Control facility. LMT Stock Tracks Best Week Since Mid-August
Positive Sentiment: A strategic cooperation agreement with Italy’s Avio will expand U.S. solid rocket motor production for the Extended Range GMLRS and Precision Strike Missile programs, potentially strengthening Lockheed Martin’s supply chain and future production capacity. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
Neutral Sentiment: Analyst opinion is divided: Vertical Research upgraded the stock to Buy, while Bernstein remains more cautious. Investors are also positioning ahead of the projected quarterly earnings announcement, making results, guidance and cash flow important near-term catalysts. Why Lockheed Martin Stock Popped Today
Negative Sentiment: Bearish commentary points to Lockheed Martin trading below its historical average after $1.6 billion of reach-forward losses in 2025 on troubled fixed-price programs. Although the company’s recent earnings beat was strong, investors remain concerned about contract execution, leverage and whether current defense optimism is fully reflected in the stock. Lockheed Martin Trades Below Its Historical Average

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC MO boosted its stake in shares of Lockheed Martin by 2.8% during the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock worth $397,000 after buying an additional 18 shares during the period. Rooted Wealth Advisors Inc. increased its position in Lockheed Martin by 1.8% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 18 shares during the period. Beacon Capital Management LLC increased its position in Lockheed Martin by 4.5% in the 2nd quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 19 shares during the period. Lee Johnson Capital Management LLC raised its stake in Lockheed Martin by 1.6% during the 1st quarter. Lee Johnson Capital Management LLC now owns 1,239 shares of the aerospace company’s stock valued at $749,000 after acquiring an additional 20 shares during the last quarter. Finally, Lexington Hill Partners LLC raised its stake in Lockheed Martin by 2.0% during the 2nd quarter. Lexington Hill Partners LLC now owns 1,004 shares of the aerospace company’s stock valued at $512,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LMT. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. Morgan Stanley boosted their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. TD Cowen cut their price target on Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Finally, Sanford C. Bernstein reduced their price objective on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $630.48.

View Our Latest Report on Lockheed Martin

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

(Get Free Report)

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.