Park National Corp OH Acquires 482 Shares of Lockheed Martin Co. (NYSE:LMT)

Park National Corp OH boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,846 shares of the aerospace company’s stock after purchasing an additional 482 shares during the quarter. Lockheed Martin comprises approximately 1.3% of Park National Corp OH’s investment portfolio, making the stock its 21st biggest position. Park National Corp OH’s holdings in Lockheed Martin were worth $35,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the 2nd quarter worth $27,000. Sachetta LLC lifted its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after buying an additional 20 shares in the last quarter. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at about $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the third quarter valued at about $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE LMT opened at $464.42 on Wednesday. The stock has a 50-day moving average price of $516.04 and a two-hundred day moving average price of $535.36. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a market cap of $110.08 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.77 EPS. As a group, analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. UBS Group lifted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. Citigroup lifted their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $601.79.

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.