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Stocks•23 April 2026•

1 min read

M&T Bank Corp Slashes Lockheed Martin Stake by 43% Amid Mixed Q4 Results

Key Facts

1M&T Bank Corp reduced its stake in Lockheed Martin by 43% in Q4, selling over 77,000 shares.

2Lockheed Martin's revenue increased by 9.1% year-over-year despite missing Q4 EPS estimates.

M&T Bank Corp significantly reduced its position in Lockheed Martin (LMT) during the fourth quarter, offloading over 77,000 shares to cut its stake by 43%. This institutional sell-off coincides with Lockheed Martin reporting mixed financial results for the quarter. While the defense giant saw a 9.1% year-over-year increase in revenue, it failed to meet analyst expectations for earnings per share (EPS). Market analysts suggest the stake reduction may be a strategic portfolio adjustment following the earnings miss. Despite the shortfall in earnings, the company continues to secure major new contracts within the defense sector. Currently, the consensus rating for LMT remains at "Hold," reflecting a cautious but stable outlook for the stock.

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