Rep. Kevin Hern (R-OK) Sells Lockheed Martin (LMT) Stock

Oklahoma Congressman Kevin Hern sold shares of Lockheed Martin Corporation (LMT) on September 17, 2026. This trade was valued between $15,001 and $50,000, as disclosed in his periodic transaction report filed under the STOCK Act on October 13, 2026.

Inside Kevin Hern's Trade

Hern's sale of Lockheed Martin shares fits a pattern of recent trades. He has been adjusting his portfolio, having sold shares in TJX Companies, Starbucks, and Rockwell Automation earlier this month, all in a similar price range.

Other Institutional Activity in Lockheed Martin

Several institutional investors have been active in Lockheed Martin recently. State Street Corporation grew its holdings by 419,962 shares, ending with 32,975,170 shares worth about $18.2 billion. Blackrock Inc. increased its stake by 1,045,012 shares, totaling 18,877,978 shares valued at approximately $10.4 billion. Vanguard Capital Management LLC added 92,835 shares for a total of 14,158,758 shares worth about $7.8 billion. Charles Schwab Investment Management, Inc. raised its position by 653,719 shares, concluding with 7,806,000 shares valued at around $4.3 billion. Morgan Stanley maintained its holdings with 5,706,408 shares worth about $3.2 billion.

Lockheed Martin Corporation Stock Up 5.7%

Lockheed Martin's shares recently traded around $549.81, which is about 1.1% above its 50-day moving average of $543.77. However, the stock is below its 200-day average of $564.31 and about 20.5% lower than its 52-week high of $692.00. The stock's current position reflects a significant adjustment in the market.

Recent Earnings

Lockheed Martin reported a trailing twelve-month revenue of approximately $77 billion, with a net margin of 8.2% and a return on equity (ROE) of 89.2%. The company is scheduled to announce its next earnings on October 22, 2026.

Insider Buying and Selling at Lockheed Martin Corporation

Recent insider activity includes several sales. Gregory M. Ulmer, an officer, sold 2,840 shares on February 27, 2026, valued at about $1,868,947. Timothy S. Cahill, also an officer, sold 4,620 shares on March 11, 2026, worth approximately $3,000,551. Robert M. Lightfoot Jr. sold 2,606 shares on August 12, 2026, valued at around $1,565,583, and John M. Donovan sold 3,378 shares on August 13, 2026, worth about $2,022,373.

Analysts Set New Price Targets

On September 8, 2026, UBS upgraded Lockheed Martin to a Buy rating with a new price target of $674.00, up from a prior target of $581.00. Citigroup maintained a Buy rating with a target of $691.00 on August 13, 2026, while Morgan Stanley kept an Equal-Weight rating with a target of $690.00 on July 24, 2026. The consensus recommendation is a Buy, with a mean price target of $618.86 from 21 analyst opinions.

About Lockheed Martin Corporation

Lockheed Martin Corporation is an aerospace and defense company based in Bethesda, Maryland. It focuses on developing and manufacturing technology systems and services for military and civilian applications. This recent trade by Hern reflects the ongoing adjustments in his investment strategy amid broader market conditions.

Bottom Line

Investors should continue to monitor Hern's trading activity as it may provide insight into his investment approach. Additionally, Lockheed Martin's upcoming earnings report on October 22, 2026, will be significant for gauging the company's performance amid changing market dynamics.