Investors purchased shares of Lockheed Martin Corp. (NYSE:LMT) on weakness during trading on Thursday. $72.13 million flowed into the stock on the tick-up and $44.91 million flowed out of the stock on the tick-down, for a money net flow of $27.22 million into the stock. Of all companies tracked, Lockheed Martin Corp. had the 14th highest net in-flow for the day. Lockheed Martin Corp. traded down ($0.31) for the day and closed at $249.77

Several equities research analysts have issued reports on LMT shares. Berenberg Bank started coverage on shares of Lockheed Martin Corp. in a research note on Thursday, March 17th. They issued a “buy” rating and a $250.00 price target on the stock. Cowen and Company lifted their price target on shares of Lockheed Martin Corp. from $220.00 to $235.00 in a research note on Friday, March 25th. Deutsche Bank AG lifted their price target on shares of Lockheed Martin Corp. from $230.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 7th. Wolfe Research lowered shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $239.44.

The stock has a market cap of $76.04 billion and a price-to-earnings ratio of 22.09. The stock has a 50 day moving average of $241.01 and a 200-day moving average of $225.96.

Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 26th. The company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.59 by $0.01. The company had revenue of $11.70 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same quarter in the previous year, the business posted $2.74 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Lockheed Martin Corp. will post $11.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, August 30th.

In related news, SVP Maryanne Lavan sold 21,720 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $233.19, for a total transaction of $5,064,886.80. Following the transaction, the senior vice president now directly owns 19,325 shares in the company, valued at $4,506,396.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marillyn A. Hewson sold 25,000 shares of the business’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $233.16, for a total transaction of $5,829,000.00. Following the transaction, the chief executive officer now owns 90,366 shares in the company, valued at $21,069,736.56. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in LMT. IFC Holdings Incorporated FL raised its stake in shares of Lockheed Martin Corp. by 136.6% in the fourth quarter. IFC Holdings Incorporated FL now owns 4,737 shares of the company’s stock valued at $1,028,000 after buying an additional 2,735 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of Lockheed Martin Corp. by 61.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 4,874 shares of the company’s stock valued at $1,058,000 after buying an additional 1,862 shares in the last quarter. United Asset Strategies Inc. raised its stake in shares of Lockheed Martin Corp. by 0.7% in the fourth quarter. United Asset Strategies Inc. now owns 4,951 shares of the company’s stock valued at $1,075,000 after buying an additional 33 shares in the last quarter. Haverford Trust Co. raised its stake in shares of Lockheed Martin Corp. by 24.2% in the fourth quarter. Haverford Trust Co. now owns 5,654 shares of the company’s stock valued at $1,228,000 after buying an additional 1,100 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Lockheed Martin Corp. by 27.8% in the fourth quarter. Profund Advisors LLC now owns 6,068 shares of the company’s stock valued at $1,318,000 after buying an additional 1,321 shares in the last quarter.

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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