Lockheed Martin Rises as Investors Reassess Recent Defense Production Wins

Lockheed Martin (LMT) is up 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed buying after a weak stretch for defense shares, with investors focusing on Lockheed Martin’s recent shareholder return increase and continued momentum in missile-defense production programs. This could also reflect growing optimism ahead of the company’s October 22, 2026 earnings report as recent contract activity reinforces demand visibility.

Details:

Lockheed Martin’s board authorized a fourth-quarter 2026 dividend of $3.60 per share on October 9, raising the payout by $0.15 from the prior quarter.

The company has continued to highlight strong demand in missile defense, including earlier multiyear awards for PAC-3 MSE interceptors and THAAD production that support a larger long-term backlog.

Boeing disclosed last week that it received an approximately $14.7 billion contract from Lockheed Martin to expand PAC-3 MSE seeker output, a sign that the broader interceptor production ramp is moving deeper into the supply chain.

Recent company updates also included new international and government program activity, such as a Black Hawk training and services deal for the Philippines and additional GPS ground-segment modernization work, which may have supported sentiment around sustained order flow.

Sources:

Lockheed Martin, Boeing, StockAnalysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LMT Insider Trading Activity

$LMT insiders have traded $LMT stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $LMT stock by insiders over the last 6 months:

ROBERT M JR LIGHTFOOT (President Space) has made 0 purchases and 3 sales selling 2,606 shares for an estimated $117,622.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$LMT Hedge Fund Activity

We have seen 1,287 institutional investors add shares of $LMT stock to their portfolio, and 1,268 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,806,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,976,844,760
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,335,726 shares (+3886.5%) to their portfolio in Q2 2026, for an estimated $680,498,967
BLACKROCK, INC. added 1,045,265 shares (+5.9%) to their portfolio in Q2 2026, for an estimated $532,520,706
D. E. SHAW & CO., INC. removed 970,059 shares (-72.4%) from their portfolio in Q2 2026, for an estimated $494,206,258
SANDERS CAPITAL, LLC added 952,510 shares (+83.5%) to their portfolio in Q2 2026, for an estimated $485,265,744
JPMORGAN CHASE & CO added 900,840 shares (+inf%) to their portfolio in Q2 2026, for an estimated $458,941,946
DIAMANT ASSET MANAGEMENT, INC. removed 877,788 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $447,197,874

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$LMT Government Contracts

We have seen $44,664,529,564 of award payments to $LMT over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

EXECUTE PHASED ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) MISSILE ...: $4,496,040,000
CY24 AVSC SUPPLY SUPPORT: $3,112,468,709
GUIDED MULTIPLE LAUNCH ROCKET SYSTEM (GMLRS) AND LOW COST REDUCED RANGE PRACTICE ROCKET (LCRRPR) FY26 FULL ...: $2,971,379,606
THE PURPOSE OF THIS CONTRACT IS TO AWARD LONG LEAD FUNDING FOR F-35A, F-35B, AND F-35C AIRCRAFT FOR U.S. SE...: $2,713,735,173
EXECUTE PHASED ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) MISSILE ...: $2,070,676,549

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$LMT Congressional Stock Trading

Members of Congress have traded $LMT stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $LMT stock by members of Congress over the last 6 months:

REPRESENTATIVE KEVIN HERN has traded it 6 times. They made 0 purchases and 6 sales worth up to $300,000 on 09/23, 09/17, 09/02.
SENATOR TOMMY TUBERVILLE sold up to $50,000 on 06/08.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$LMT Price Targets

Multiple analysts have issued price targets for $LMT recently. We have seen 4 analysts offer price targets for $LMT in the last 6 months, with a median target of $617.5.

Here are some recent targets:

John Godyn from Citigroup set a target price of $582.0 on 07/01/2026
Ken Herbert from RBC Capital set a target price of $575.0 on 04/24/2026
Charles Minervino from Susquehanna set a target price of $700.0 on 04/24/2026
Kristine Liwag from Morgan Stanley set a target price of $653.0 on 04/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.