WASHINGTON TRUST 13F: Adds $573K to Lockheed Martin (LMT) Stake
Key Points
- Washington Trust increased its Lockheed Martin position by 4.1% during the quarter, bringing its total share count to 28,738 shares valued at about $14.6 million.
- Lockheed Martin recently traded around $604.38, sitting above its 50-day and 200-day moving averages while heading toward its next earnings report on January 26, 2027.
- Other investment managers also adjusted their stakes in the defense contractor, with Sanders Capital, LLC boosting its holdings by 952,519 shares.
Since the filing, $LMT is up 2.4% to date (from the $589.91 close on Oct 22, 2026).
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Washington Trust boosted its stake in Lockheed Martin Corporation LMT by 4.1% during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. The fund bought an additional 1,126 shares to end the period with 28,738 shares. The reported value of the investment reached about $14.6 million. Lockheed Martin closed at $589.91 on the day of the filing.
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Lockheed Martin Corporation
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What Changed in Washington Trust's Lockheed Martin Position
The fund grew its aerospace and defense holdings by 4.1%, moving from 27,612 shares up to 28,738 shares. That addition of 1,126 shares brought the total portfolio value for this holding to $14,634,827 at the close of the reporting window.
Other Institutional Activity in Lockheed Martin
Other institutional investors also shifted their positions in the defense giant. Foster Victor Wealth Advisors grew its holdings by 1,735 shares, ending with 35,024 shares worth about $19.2 million. Sanders Capital, LLC raised its stake significantly, adding 952,519 shares for a total of 2,093,533 shares valued at roughly $1.3 billion. Rokos Capital Management held 103,311 shares worth about $52.6 million.
Lockheed Martin Corporation Stock Up 9.6%
Lockheed Martin shares recently traded around $604.38, putting the stock up about 2.5% since the filing date when shares closed at $589.91. The stock trades above its 50-day moving average of $540.01 and above its 200-day moving average of $565.75.
Recent Earnings
The Bethesda-based aerospace contractor posted $79.1 billion in trailing twelve-month revenue alongside earnings of $28.16 per share. The company operates in sectors like aeronautics, missiles, and space technology, supporting global defense infrastructure.
Dividend
Lockheed Martin pays an annual dividend rate of $14.40 per share, giving investors a dividend yield of 2.44% with a payout ratio of 50.3%.
Insider Buying and Selling at Lockheed Martin Corporation
Company insiders executed several stock sales prior to the filing. Officer Gregory M Ulmer sold 2,840 shares at $658.08 for a total of $1.9 million on February 27, 2026. Officer Timothy S Cahill sold 4,620 shares at $649.47 totaling $3.0 million on March 11, 2026. Later in the year, officer Robert M Lightfoot Jr sold 2,606 shares valued at $1.5 million on August 12, 2026, and director John M Donovan sold 3,378 shares worth $2.0 million on August 13, 2026.
Analysts Set New Price Targets
Wall Street analysts adjusted their outlooks on the stock ahead of the filing. TD Cowen maintained a Hold rating and lowered its price target from $600.00 to $570.00 on October 9, 2026. Barclays initiated coverage with an Equal-Weight rating and a $554.00 target on the same day. Bernstein maintained a Market Perform rating while cutting its target from $629.00 to $564.00 on October 14, 2026. RBC Capital maintained a Sector Perform rating and lowered its target from $600.00 to $550.00 on October 15, 2026.
About Lockheed Martin
Lockheed Martin Corporation designs, manufactures, and integrates advanced technology systems and products for defense and aerospace customers worldwide. The company runs four primary operating segments covering aeronautics, missiles and fire control, rotary and mission systems, and space systems. Institutional interest remains strong as defense spending stays a focal point for global markets.
Bottom Line
Investors will look toward Lockheed Martin's next earnings report scheduled for January 26, 2027, for further updates on revenue and program deliveries. Future regulatory filings will show whether institutional managers continue expanding their positions in the defense sector.
Related Filing Alerts
Source: WASHINGTON TRUST's 13F filing on $LMT (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts