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

Posted by Brian Himes on Sep 29th, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Lockheed Martin Corporation (NYSE:LMT). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lockheed Martin stock on September 2nd. 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 CenterPoint Energy (NYSE:CNP) on 9/15/2026.
Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Lockheed Martin Stock Performance

Shares of LMT traded down $4.12 during trading hours on Tuesday, hitting $513.98. The stock had a trading volume of 393,644 shares, compared to its average volume of 1,460,325. The firm has a market capitalization of $118.62 billion, a PE ratio of 18.94, a PEG ratio of 1.13 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The stock has a fifty day moving average price of $557.76 and a 200 day moving average price of $554.98.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Morgan Stanley raised their price objective on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $637.56.

Read Our Latest Stock Report on LMT

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LMT. SG Americas Securities LLC increased its holdings in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after purchasing an additional 14,150 shares during the period. Norris Financial Group LLC purchased a new stake in Lockheed Martin in the 1st quarter worth approximately $2,321,000. Legal Advantage Investments Inc. acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at $1,451,000. Deutsche Bank AG boosted its stake in shares of Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after buying an additional 99,403 shares during the period. Finally, Talon Private Wealth LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at $3,743,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Key Lockheed Martin News

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

Positive Sentiment: Lockheed Martin received an $18.9 million increase to a long-range radar contract, bringing the program’s total value to approximately $1.01 billion and extending work through June 2029. The award supports demand for the company’s radar and missile-defense capabilities. Can Long-Range Radar Demand Support Lockheed Martin’s Growth?
Positive Sentiment: The Pentagon awarded an $871 million modification to an existing F-35 Lightning II support contract. The additional capacity for site activation and sustainment could strengthen Lockheed Martin’s recurring support revenue and deepen its relationship with the U.S. military. Pentagon Deepens F-35 Bet
Positive Sentiment: Lockheed Martin reported a record $230 billion backlog at the end of the second quarter, up 38.3% year over year. Approximately $65 billion of new orders, including a $35 billion multiyear missile-defense contract, point to substantial future demand. Can Lockheed Martin’s Backlog Keep Growing at this Pace?
Positive Sentiment: Lockheed Martin is positioned in expanding markets such as counter-drone systems, directed-energy weapons, autonomous defense platforms and space-based computing. A projected 10.2% annual growth rate for the global counter-UAS market could create additional opportunities, although the report is an industry forecast rather than a company-specific award. Anti-Drone Market Report
Neutral Sentiment: Lockheed Martin also secured up to $1.2 billion for production of the Army’s Precision Strike Missile Increment 2, adding support for its long-range weapons portfolio. The contract is favorable but was reported previously and may already be reflected in the stock.
Negative Sentiment: Despite strong contracts and a record backlog, the stock remains below its 50-day and 200-day moving averages. Investors may be taking profits or waiting for clearer evidence that backlog growth converts into earnings, particularly as the company trades at a relatively demanding valuation and faces defense-program execution risks.

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

(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.