Voya Investment Management LLC Buys 6,601 Shares of Lockheed Martin Co. (NYSE:LMT)

Voya Investment Management LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,717 shares of the aerospace company's stock after purchasing an additional 6,601 shares during the period. Voya Investment Management LLC's holdings in Lockheed Martin were worth $44,083,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after purchasing an additional 59,597 shares during the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 17.5% during the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after purchasing an additional 318,007 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Lockheed Martin by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock valued at $847,361,000 after purchasing an additional 15,085 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after buying an additional 70,516 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. StockNews.com upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $544.79.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

Shares of LMT traded down $0.44 during mid-day trading on Wednesday, hitting $475.45. The company's stock had a trading volume of 262,578 shares, compared to its average volume of 1,248,430. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock's 50-day moving average is $457.45 and its two-hundred day moving average is $489.91. The firm has a market capitalization of $111.39 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.