Investors sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading on Tuesday. $86.67 million flowed into the stock on the tick-up and $292.97 million flowed out of the stock on the tick-down, for a money net flow of $206.30 million out of the stock. Of all stocks tracked, Lockheed Martin Corp. had the 0th highest net out-flow for the day. Lockheed Martin Corp. traded up $0.31 for the day and closed at $254.70

A number of equities analysts recently weighed in on LMT shares. Cowen and Company boosted their price target on shares of Lockheed Martin Corp. from $220.00 to $235.00 in a research report on Friday, March 25th. Berenberg Bank started coverage on shares of Lockheed Martin Corp. in a research report on Thursday, March 17th. They set a “buy” rating and a $250.00 price target on the stock. Drexel Hamilton restated a “buy” rating on shares of Lockheed Martin Corp. in a research 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 on the stock in a research 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 target price on the stock. in a research note 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, ten have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $239.44.

The company has a 50-day moving average of $242.26 and a 200-day moving average of $226.82. The stock has a market capitalization of $77.54 billion and a P/E ratio of 22.53.

Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings results 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 had revenue of $11.70 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. Lockheed Martin Corp.’s revenue was up 15.7% compared to the same quarter last year. On average, equities 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. Shareholders of record on Thursday, September 1st will be paid a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $6.60 annualized dividend and a dividend yield of 2.59%.

In related news, CEO Marillyn A. Hewson sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 that occurred on Thursday, April 28th. The stock was sold at an average price of $233.19, for a total transaction of $5,064,886.80. Following the completion of the sale, the senior vice president now directly owns 19,325 shares in the company, valued at $4,506,396.75. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in the company. IFC Holdings Incorporated FL boosted its stake 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 valued at $1,028,000 after buying an additional 2,735 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake 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 valued at $1,058,000 after buying an additional 1,862 shares in the last quarter. United Asset Strategies Inc. boosted its stake 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 valued at $1,075,000 after buying an additional 33 shares in the last quarter. Haverford Trust Co. boosted its stake in 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 boosted its stake in 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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