Lockheed Martin Corp. (NYSE:LMT)’s share price reached 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 changing hands. The stock had previously closed at $254.39.

LMT has been the subject of several research analyst reports. Berenberg Bank initiated coverage on shares of Lockheed Martin Corp. in a research note on Thursday, March 17th. They set a “buy” rating and a $250.00 target price for the company. Cowen and Company upped their target price on shares of Lockheed Martin Corp. from $220.00 to $235.00 in a research note on Friday, March 25th. Deutsche Bank AG boosted their price target on shares of Lockheed Martin Corp. from $230.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 7th. Wolfe Research lowered shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Finally, Drexel Hamilton reissued a “buy” rating on shares of Lockheed Martin Corp. in a report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Lockheed Martin Corp. presently has an average rating of “Hold” and a consensus target price of $239.44.

The firm has a market cap of $77.91 billion and a P/E ratio of 22.63. The stock’s 50-day moving average price is $242.70 and its 200-day moving average price is $227.04.

Lockheed Martin Corp. (NYSE:LMT) last issued 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. During the same quarter in the previous year, the business posted $2.74 earnings per share. The business earned $11.70 billion during the quarter, compared to analysts’ expectations of $11.36 billion. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts anticipate that Lockheed Martin Corp. will post $11.85 earnings per share for the current year.

The firm 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 $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, August 30th.

In other news, SVP Maryanne Lavan sold 21,720 shares of the company’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 transaction, the senior vice president now directly owns 19,325 shares of the company’s stock, valued at $4,506,396.75. The sale was disclosed in a legal 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 that occurred 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 transaction, the chief executive officer now directly owns 90,366 shares in the company, valued at $21,069,736.56. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of the company. Buckingham Capital Management Inc. raised its position in shares of Lockheed Martin Corp. by 0.4% in the third quarter. Buckingham Capital Management Inc. now owns 6,905 shares of the company’s stock worth $1,432,000 after buying an additional 28 shares during the last quarter. United Asset Strategies Inc. raised its position 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 worth $1,075,000 after buying an additional 33 shares during the last quarter. Buckingham Asset Management LLC raised its position in shares of Lockheed Martin Corp. by 0.5% in the fourth quarter. Buckingham Asset Management LLC now owns 8,371 shares of the company’s stock worth $1,818,000 after buying an additional 45 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Lockheed Martin Corp. by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,266 shares of the company’s stock worth $3,749,000 after buying an additional 107 shares during the last quarter. Finally, SVA Plumb Wealth Management LLC raised its position in shares of Lockheed Martin Corp. by 1.6% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 11,304 shares of the company’s stock worth $2,455,000 after buying an additional 173 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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