Lockheed Martin Shares Decline as US Bancorp Reduces Stake

The aerospace company's stock drops after a major institutional investor trims its position.

Published on Feb. 27, 2026

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US Bancorp DE, a large institutional investor, has reduced its stake in Lockheed Martin Corporation (NYSE: LMT) by 5.4% in the third quarter, according to a recent SEC filing. The fund now owns 130,859 shares of the aerospace company's stock, down from its previous holding of 138,305 shares.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, so changes in institutional ownership can signal shifts in investor sentiment around the company and the broader defense industry. This move by US Bancorp, a major financial institution, may indicate some caution about Lockheed Martin's near-term prospects.

The details

According to the SEC filing, US Bancorp sold 7,446 shares of Lockheed Martin during the third quarter, reducing its total position to 130,859 shares. The fund now owns approximately 0.06% of Lockheed Martin's outstanding shares. Several other large institutional investors have also modified their holdings of LMT in recent quarters.

  • US Bancorp reduced its Lockheed Martin stake in the 3rd quarter of 2026.

The players

US Bancorp DE

A large financial services holding company and institutional investor.

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers.

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The takeaway

This reduction in ownership by a major institutional investor like US Bancorp could signal some broader caution around Lockheed Martin's near-term prospects, though the company remains a dominant player in the defense industry.