Lockheed Martin Co. (NYSE:LMT) Shares Sold by Voya Financial Advisors Inc.

25 Apr 2025, 09:46 by Jessica Moore · The Cerbat Gem

Voya Financial Advisors Inc. reduced its stake in Lockheed Martin Co. (NYSE:LMT – Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,472 shares of the aerospace company’s stock after selling 164 shares during the period. Lockheed Martin makes up about 0.3% of Voya Financial Advisors Inc.’s investment portfolio, making the stock its 29th biggest holding. Voya Financial Advisors Inc.’s holdings in Lockheed Martin were worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nebula Research & Development LLC purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $349,000. Lord Abbett & CO. LLC boosted its position in Lockheed Martin by 14.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 63,246 shares of the aerospace company’s stock valued at $30,734,000 after buying an additional 8,059 shares during the last quarter. Topsail Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at about $370,000. Keyvantage Wealth LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $644,000. Finally, Stonebridge Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 5.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 647 shares of the aerospace company’s stock worth $314,000 after acquiring an additional 33 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LMT shares. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $544.79.

Get Our Latest Stock Analysis on LMT

Lockheed Martin Price Performance

NYSE LMT opened at $466.88 on Friday. The firm has a market capitalization of $109.52 billion, a PE ratio of 20.97, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The company’s 50 day simple moving average is $454.80 and its 200 day simple moving average is $493.33.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Profile

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