Investors bought shares of Lockheed Martin Corp. (NYSE:LMT) on weakness during trading hours 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

A number of equities research analysts have recently commented on the stock. Cowen and Company lifted their price target on shares of Lockheed Martin Corp. from $220.00 to $235.00 in a report on Friday, March 25th. Berenberg Bank assumed coverage on shares of Lockheed Martin Corp. in a report on Thursday, March 17th. They set a “buy” rating and a $250.00 price target for the company. Drexel Hamilton reiterated a “buy” rating on shares of Lockheed Martin Corp. in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $260.00 price target for the company in a report on Monday, May 2nd. Finally, Stifel Nicolaus downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 price target for the company. in a report on Thursday, May 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Lockheed Martin Corp. presently has a consensus rating of “Hold” and an average target price of $239.44.

The stock’s 50 day moving average price is $241.39 and its 200-day moving average price is $226.23. The stock has a market cap of $76.69 billion and a P/E ratio of 22.28.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be issued a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 annualized dividend and a yield of 2.62%.

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

Several institutional investors have modified their holdings of LMT. Dimensional Fund Advisors LP increased its position in shares of Lockheed Martin Corp. by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,402 shares of the company’s stock worth $109,748,000 after buying an additional 29,773 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Lockheed Martin Corp. by 524.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 39,665 shares of the company’s stock valued at $8,613,000 after buying an additional 33,318 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Lockheed Martin Corp. by 44.4% in the fourth quarter. Stephens Inc. AR now owns 6,633 shares of the company’s stock valued at $1,440,000 after buying an additional 2,038 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Lockheed Martin Corp. by 6.9% in the fourth quarter. I.G. Investment Management LTD. now owns 62,323 shares of the company’s stock valued at $13,533,000 after buying an additional 4,022 shares during the last quarter. Finally, Veritable L.P. boosted its stake in shares of Lockheed Martin Corp. by 1.4% in the fourth quarter. Veritable L.P. now owns 20,951 shares of the company’s stock valued at $4,550,000 after buying an additional 293 shares during 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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