Lockheed Martin stock is in focus today, February 28, as fresh 13F filings show mixed institutional flows alongside a surge in LMT call options. Lockheed Martin (LMT) recently hovered near $641.63, within a strong uptrend that put its 52-week high at $669.75. Several banks have raised analyst price targets lately, supporting momentum ahead of the April 21, 2026 earnings date. We break down who bought and sold, what options are signaling, and the technical and fundamental levels that matter so investors can act with context.

13F shifts: who bought and who sold

MarketBeat reported that Argent Trust Co sold 15,404 shares in its latest 13F, trimming exposure after a strong run. One filing does not define a trend, but it can signal profit taking by wealth managers. For traders in Lockheed Martin stock, these reductions matter when they cluster across reports or align with cooling momentum and lighter liquidity.

Offsetting sales, Mitsubishi UFJ Asset Management disclosed buying 13,226 shares, while Aberdeen maintained about $26.11 million in holdings earlier this month. These additions point to steady institutional flows that can cushion dips. For Lockheed Martin stock, a buyer base across global managers often helps sustain rallies, especially when flows align with rising estimates and higher analyst price targets.

Options tape flashes bullish today

Options flow skewed toward LMT call options today, signaling a constructive stance into the next catalysts. Elevated near-term call activity often reflects traders positioning for upside or hedging short exposure. Without exact volumes, the key takeaway is the tilt toward calls, which typically supports demand for shares if momentum continues and open interest builds at nearby strikes.

When call demand rises into strength, short-dated moves often expand. Average True Range is $18.01, so daily swings near 2% to 3% are common. Price sits around the Bollinger middle band at $640.86, with the upper band near $674.98. A push toward that band is plausible, though failed breakouts can reverse quickly if call buyers fade.

Price, trend, and key levels

LMT trades well above its 50-day ($572.20) and 200-day ($492.52) averages, a classic uptrend. RSI is 63.99 and ADX is 42.22, showing strong trend strength. MACD sits below its signal (histogram −3.46), suggesting momentum cooled recently. For Lockheed Martin stock, brief pauses within strong trends are common, so confirmation on pushes above recent highs matters.

The Bollinger middle band near $640.86 is a key intraday pivot. Initial support sits around $638.03 to $636.06 (day low and Keltner mid), with stronger support near $606.73. Resistance appears at $647.50, then $669.75 to $674.98 (52-week high and Bollinger upper). A decisive close above $670 could invite trend followers to add risk.

Fundamentals and the Street’s view

LMT trades at about 30.3 times TTM EPS of $21.50, with a dividend yield near 2.02% and a 62.4% payout ratio. Free cash flow per share is roughly $29.92, while debt-to-equity is 3.23 and interest coverage is 6.9. For income investors in Lockheed Martin stock, the yield and cash generation look solid, but leverage and a rich price-to-book warrant attention.

The Street shows 5 Buys, 17 Holds, and 1 Sell, implying a Hold consensus despite recent analyst price targets moving higher. Our composite grade is B+. Next catalyst is earnings on April 21, 2026. Ahead of the print, watch institutional flows, options skew, and backlog updates, which often shape guidance and margin commentary for defense primes.

Final Thoughts

Mixed 13F activity paired with strong call buying sets a near-term test for Lockheed Martin stock. The buyer base from global managers helps offset targeted trimming, while options positioning tilts bullish into April. Technically, the $640 zone is an important pivot. A firm break above $670 could extend the uptrend toward prior highs, but failure near resistance risks a pullback to $606. Position sizing should reflect the $18 daily range, and stops should respect volatility. Fundamentally, valuation is full, yet cash generation and the dividend add support. Into earnings, we would track institutional flows, options open interest, and any changes to analyst price targets for confirmation.

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