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Smith Chas P & Associates PA Cpas Reduces Lockheed Martin Holdings
Investment firm cuts stake in aerospace giant by nearly 40% in Q3
Published on Mar. 4, 2026
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Smith Chas P & Associates PA Cpas, an institutional investor, decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 39.3% in the 3rd quarter, according to a recent SEC filing. The firm's holdings in Lockheed Martin were valued at $27.08 million at the end of the reporting period.
Why it matters
Lockheed Martin is one of the world's largest defense contractors, so changes in institutional ownership of the stock can provide insights into broader trends in the aerospace and defense industry.
The details
According to the filing, Smith Chas P & Associates PA Cpas sold 35,139 shares of Lockheed Martin stock during the quarter, reducing its total position to 54,246 shares. The firm cited the stock's valuation as a factor in its decision to trim the position. Lockheed Martin comprises 2.3% of Smith Chas P & Associates PA Cpas' overall portfolio.
- The filing covers the 3rd quarter of the year.
The players
Smith Chas P & Associates PA Cpas
An institutional investment firm that manages a portfolio of stocks, including a position in aerospace giant Lockheed Martin.
Lockheed Martin Corporation
A global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers.
The takeaway
The reduction in Smith Chas P & Associates PA Cpas' Lockheed Martin holdings reflects broader uncertainty around the defense industry's outlook, as investors weigh factors like geopolitical tensions, government spending, and the company's valuation.
