Lockheed Martin Corp. (NYSE:LMT) reached a new 52-week high on Monday . The company traded as high as $258.29 and last traded at $256.20, with a volume of 1,075,950 shares changing hands. The stock had previously closed at $256.98.

LMT has been the topic of a number of recent research reports. Cowen and Company lifted their price objective on Lockheed Martin Corp. from $220.00 to $235.00 in a report on Friday, March 25th. Deutsche Bank AG lifted their price objective on 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 downgraded Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Drexel Hamilton reiterated a “buy” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, April 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $220.00 target price on shares of Lockheed Martin Corp. in a research note on Sunday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $239.97.

The stock’s 50-day moving average is $243.60 and its 200 day moving average is $227.53. The stock has a market capitalization of $78.09 billion and a P/E ratio of 22.69.

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

The business 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. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 dividend on an annualized basis and a yield of 2.57%.

In other news, SVP Maryanne Lavan sold 21,720 shares of the company’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $233.19, for a total value of $5,064,886.80. Following the completion of the sale, the senior vice president now owns 19,325 shares of the company’s stock, 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 on Thursday, April 28th. The shares were sold at an average price of $233.16, for a total transaction of $5,829,000.00. Following the completion of the sale, the chief executive officer now directly owns 90,366 shares of the company’s stock, valued at approximately $21,069,736.56. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Buckingham Capital Management Inc. boosted its stake 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 period. United Asset Strategies Inc. boosted 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 worth $1,075,000 after buying an additional 33 shares during the period. Buckingham Asset Management LLC boosted its stake 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 period. Finally, SVA Plumb Wealth Management LLC boosted its stake 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 period.

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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