Lockheed Martin Corporation $LMT Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,709 shares of the aerospace company’s stock after selling 2,187 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lockheed Martin were worth $13,602,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LMT. Center for Financial Planning Inc. raised its position in Lockheed Martin by 52.8% during the 3rd quarter. Center for Financial Planning Inc. now owns 842 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 291 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Lockheed Martin by 5.8% in the 3rd quarter. Park Avenue Securities LLC now owns 14,183 shares of the aerospace company’s stock worth $7,223,000 after buying an additional 778 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Lockheed Martin by 20.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,611 shares of the aerospace company’s stock worth $1,839,000 after buying an additional 613 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Lockheed Martin by 15.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,466 shares of the aerospace company’s stock worth $2,274,000 after buying an additional 597 shares in the last quarter. Finally, Patton Albertson Miller Group LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth $307,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin received a $694 million U.S. Air Force contract to produce its Air-Launched Rapid Response Weapon hypersonic missile. The award strengthens the company’s position in high-priority missile and hypersonic defense programs. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
• Positive Sentiment: Morgan Stanley upgraded LMT to Overweight and raised its price target to $835 from $690, arguing that a 10-year F-35 production and sustainment framework reduces significant revenue risk. The framework targets at least 850 aircraft and supports production of roughly 156 jets annually. Lockheed Martin’s F-35 Deal Could Change How Wall Street Values the Stock
• Positive Sentiment: Recent operating momentum remains strong. Third-quarter revenue increased about 11% year over year to $20.7 billion, adjusted earnings exceeded estimates, and backlog reached a record $292 billion. The company also raised its quarterly dividend, reinforcing confidence in future cash flow. Lockheed Martin Q3 2026: Shattering 9-Month Expectations With a Record $292B Backlog
• Positive Sentiment: Zacks upgraded Lockheed Martin to a Rank #2, or “Buy,” citing improving earnings prospects. JPMorgan also raised its price target to $665, although it maintained a Neutral rating.
• Negative Sentiment: The F-35 framework is not yet a fully binding multiyear contract; it depends on congressional authorization and appropriations. That political uncertainty could limit near-term upside and is likely contributing to profit-taking after the recent advance. Morgan Stanley Just Turned Bullish on Lockheed Martin After a Big Pentagon Deal

Lockheed Martin Stock Down 1.9%

NYSE LMT opened at $623.39 on Wednesday. The firm’s fifty day simple moving average is $541.33 and its two-hundred day simple moving average is $567.38. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating the consensus estimate of $7.52 by $0.45. The business had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $20.48 billion. During the same quarter in the prior year, the company posted $6.95 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Lockheed Martin Corporation will post 30.55 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 annualized dividend and a yield of 2.3%.

Analyst Ratings Changes

Several equities analysts have recently commented on LMT shares. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research note on Monday, July 27th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $620.00 to $665.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $638.05.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.