Rep. Kevin Hern Unloads Shares of Lockheed Martin Corporation (NYSE:LMT)

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 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 $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 2.2%

Shares of LMT stock opened at $533.65 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $123.16 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.09. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The stock’s 50-day moving average price is $542.60 and its 200-day moving average price is $543.79.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This represents a $14.40 annualized dividend and a dividend yield of 2.7%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin’s payout ratio is presently 50.87%.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMT. BlackRock Inc. bought a new stake in Lockheed Martin in the second quarter worth about $9,617,574,000. Corient Private Wealth LP purchased a new position in Lockheed Martin during the 2nd quarter valued at $101,960,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin in the 2nd quarter valued at $645,258,000. Legal & General Group Plc bought a new position in Lockheed Martin in the 2nd quarter valued at $497,469,000. Finally, Diamant Asset Management Inc. grew its position in 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 acquiring an additional 877,932 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of research reports. Royal Bank Of Canada reduced their price objective on Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating on the stock in a research note on Thursday. 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 research report on Wednesday. Morgan Stanley raised their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Sanford C. Bernstein cut their target price on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $628.10.

Key Stories Impacting Lockheed Martin

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, advanced-munitions facility and plans to create approximately 6,000 U.S. jobs. The investment is intended to increase production of critical missile systems, including PAC-3 MSE interceptors, supporting longer-term revenue visibility as governments replenish inventories. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: The company raised its quarterly dividend 4.3% to $3.60 per share, or $14.40 annualized, extending its dividend-growth streak to 24 years. The increase reinforces the investment case for income-focused shareholders. This Defense Stock Just Raised Its Dividend by 4.3%
• Positive Sentiment: Lockheed Martin is expanding technology cooperation with the Royal Netherlands Aerospace Centre and discussing F-16 upgrades with Ukraine’s air force. The initiatives could support international defense relationships and future program opportunities. Skunk Works and the Royal Netherlands Aerospace Centre Expand Strategic Collaboration
• Positive Sentiment: Analysts and market commentary point to potential earnings strength next week, supported by recent contract activity, missile-production expansion and sustained defense spending. Lockheed’s current fiscal-year EPS guidance is $29.95 to $30.65. Lockheed Martin Earnings Expected to Grow
• Neutral Sentiment: Bernstein maintained a Hold rating, while RBC reduced its price target from $600 to $550 and assigned a Sector Perform rating. The revised target still implies limited potential upside but signals caution after the recent rebound.
• Negative Sentiment: Investors remain focused on valuation, cash-flow conversion and the risk of cost overruns on fixed-price programs. Comparisons with RTX also highlight concerns about Lockheed’s leverage and exposure to individual defense programs.

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.