Lockheed Martin Rises as Investors Reassess Recent Defense Production Wins

2026-10-14

Investivoq PriceTracker

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 Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq 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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq 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 Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.