Lockheed Martin Corp. (NYSE:LMT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $256.38 and last traded at $254.41, with a volume of 1,741,543 shares. The stock had previously closed at $254.39.

LMT has been the subject of several research analyst reports. Cowen and Company lifted their target price on Lockheed Martin Corp. from $220.00 to $235.00 in a research note on Friday, March 25th. Berenberg Bank assumed coverage on Lockheed Martin Corp. in a research note on Thursday, March 17th. They issued a “buy” rating and a $250.00 price target for the company. Drexel Hamilton restated a “buy” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, April 27th. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $260.00 price target for the company in a research note on Monday, May 2nd. Finally, Stifel Nicolaus downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 price target for the company. in a research note on Thursday, May 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $239.44.

The stock has a 50-day moving average price of $241.81 and a 200 day moving average price of $226.62. The stock has a market capitalization of $77.49 billion and a price-to-earnings ratio of 22.51.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, August 30th.

In other news, CEO Marillyn A. Hewson sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was 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 directly owns 90,366 shares of the company’s stock, valued at $21,069,736.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 21,720 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 19,325 shares of the company’s stock, valued at $4,506,396.75. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the company. IFC Holdings Incorporated FL raised its position in Lockheed Martin Corp. by 136.6% in the fourth quarter. IFC Holdings Incorporated FL now owns 4,737 shares of the company’s stock worth $1,028,000 after buying an additional 2,735 shares during the last quarter. Freestone Capital Holdings LLC raised its position in Lockheed Martin Corp. by 61.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 4,874 shares of the company’s stock worth $1,058,000 after buying an additional 1,862 shares during the last quarter. United Asset Strategies Inc. raised its position in Lockheed Martin Corp. by 0.7% in the fourth quarter. United Asset Strategies Inc. now owns 4,951 shares of the company’s stock worth $1,075,000 after buying an additional 33 shares during the last quarter. Haverford Trust Co. raised its position in Lockheed Martin Corp. by 24.2% in the fourth quarter. Haverford Trust Co. now owns 5,654 shares of the company’s stock worth $1,228,000 after buying an additional 1,100 shares during the last quarter. Finally, Profund Advisors LLC raised its position in Lockheed Martin Corp. by 27.8% in the fourth quarter. Profund Advisors LLC now owns 6,068 shares of the company’s stock worth $1,318,000 after buying an additional 1,321 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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