Park National Corp OH Has $35.20 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Park National Corp OH increased its position in Lockheed Martin Co. (NYSE:LMT) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 77,378 shares of the aerospace company’s stock after acquiring an additional 7,861 shares during the quarter. Lockheed Martin accounts for 1.4% of Park National Corp OH’s holdings, making the stock its 19th largest position. Park National Corp OH’s holdings in Lockheed Martin were worth $35,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Canandaigua National Bank & Trust Co. increased its stake in shares of Lockheed Martin by 3.0% in the first quarter. Canandaigua National Bank & Trust Co. now owns 13,553 shares of the aerospace company’s stock valued at $6,165,000 after buying an additional 397 shares during the period. Confluence Investment Management LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $151,402,000. General Partner Inc. increased its position in Lockheed Martin by 14.1% during the 1st quarter. General Partner Inc. now owns 816 shares of the aerospace company’s stock valued at $371,000 after purchasing an additional 101 shares during the period. BancFirst Trust & Investment Management increased its position in Lockheed Martin by 6.2% during the 1st quarter. BancFirst Trust & Investment Management now owns 481 shares of the aerospace company’s stock valued at $219,000 after purchasing an additional 28 shares during the period. Finally, HighPoint Advisor Group LLC acquired a new stake in Lockheed Martin during the 4th quarter valued at approximately $3,107,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.1 %

NYSE LMT traded up $0.60 during mid-day trading on Tuesday, hitting $459.61. The company’s stock had a trading volume of 338,351 shares, compared to its average volume of 1,064,077. The company’s 50 day simple moving average is $462.67 and its 200 day simple moving average is $449.28. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $110.28 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 4.31 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the firm posted $6.43 EPS. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. Analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is 46.10%.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. Wells Fargo & Company increased their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, UBS Group increased their price target on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $485.40.

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.