Bank OZK Has $2.11 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Bank OZK decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,665 shares of the aerospace company’s stock after selling 125 shares during the period. Lockheed Martin comprises 1.0% of Bank OZK’s portfolio, making the stock its 24th biggest position. Bank OZK’s holdings in Lockheed Martin were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Lockheed Martin by 72.4% in the fourth quarter. Russell Investments Group Ltd. now owns 49,054 shares of the aerospace company’s stock valued at $22,230,000 after purchasing an additional 20,594 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of Lockheed Martin by 2.1% in the fourth quarter. Valmark Advisers Inc. now owns 3,477 shares of the aerospace company’s stock valued at $1,576,000 after purchasing an additional 70 shares in the last quarter. Cercano Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $29,454,000. Citizens Financial Group Inc. RI increased its holdings in shares of Lockheed Martin by 3.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 10,619 shares of the aerospace company’s stock valued at $4,813,000 after purchasing an additional 328 shares in the last quarter. Finally, Cornerstone Capital Inc. increased its holdings in shares of Lockheed Martin by 41.8% in the fourth quarter. Cornerstone Capital Inc. now owns 2,680 shares of the aerospace company’s stock valued at $1,215,000 after purchasing an additional 790 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LMT. Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. The Goldman Sachs Group reduced their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. UBS Group raised their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Wells Fargo & Company raised their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE LMT traded down $3.49 during midday trading on Friday, reaching $461.29. 857,964 shares of the stock were exchanged, compared to its average volume of 1,102,151. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. The business has a 50-day simple moving average of $443.74 and a two-hundred day simple moving average of $444.46. The company has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 4.25 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the business posted $6.43 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.05 EPS for the current year.

About Lockheed Martin

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.