Bank OZK Sells 125 Shares of Lockheed Martin Co. (NYSE:LMT)

Bank OZK reduced its position in Lockheed Martin Co. (NYSE:LMT) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,665 shares of the aerospace company’s stock after selling 125 shares during the period. Lockheed Martin comprises approximately 1.0% of Bank OZK’s portfolio, making the stock its 24th largest holding. Bank OZK’s holdings in Lockheed Martin were worth $2,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LMT. Triumph Capital Management increased its stake in shares of Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after buying an additional 22 shares during the period. Abbrea Capital LLC increased its position in Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares during the period. Duncker Streett & Co. Inc. increased its position in Lockheed Martin by 1.2% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in Lockheed Martin by 0.7% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock valued at $1,380,000 after purchasing an additional 25 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.8 %

Lockheed Martin stock traded down $3.49 during mid-day trading on Friday, reaching $461.29. The stock had a trading volume of 857,964 shares, compared to its average volume of 1,102,151. The company has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48. The company has a 50-day moving average price of $443.74 and a two-hundred day moving average price of $444.46. Lockheed Martin Co. has a one year low of $393.77 and a one year 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.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.43 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $485.40.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last quarter. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin 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.