Rep. Kevin Hern Sells Off 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 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 Price 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. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The stock has a market capitalization of $120.38 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.09. The stock has a fifty day moving average of $543.57 and a 200-day moving average of $544.37.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 30.44 earnings per share 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. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s payout ratio is presently 53.08%.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the company. IAG Wealth Partners LLC grew its stake in shares of Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares during the last quarter. Burnham & Co LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th 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. Finally, TD Capital Management LLC grew its position in shares of Lockheed Martin by 450.0% in the 4th 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 last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on LMT shares. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Barclays began coverage on shares of Lockheed Martin in a report on Friday, October 9th. They issued an “equal weight” rating and a $554.00 target price for the company. Citigroup raised their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, Robert W. Baird set a $700.00 price target on shares of Lockheed Martin 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.