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 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 Price Performance

NYSE:LMT opened at $521.61 on Thursday. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $120.38 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.09 and a beta of 0.09. The stock’s fifty day moving average is $543.57 and its two-hundred day moving average is $544.37.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share 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 analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts expect that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a yield of 2.8%. 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 53.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. UBS Group upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and upped their price target for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Rothschild & Co Redburn started coverage on Lockheed Martin in a research note on Tuesday, October 6th. They set a “buy” rating and a $650.00 price target on the stock. Finally, Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $630.48.

Lockheed Martin News Summary

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 Trading of Lockheed Martin

Large investors have recently made changes to their positions in the company. Basso Capital Management L.P. bought a new position in Lockheed Martin during the 4th quarter worth $25,000. Burnham & Co LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $25,000. Field & Main Bank bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $26,000. Bard Associates Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $27,000. Finally, TD Capital Management LLC increased 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 valued at $27,000 after buying an additional 45 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

Lockheed Martin Company Profile

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.