Investors purchased shares of Lockheed Martin Corp. (NYSE:LMT) on weakness during trading on Monday. $106.21 million flowed into the stock on the tick-up and $84.16 million flowed out of the stock on the tick-down, for a money net flow of $22.05 million into the stock. Of all stocks tracked, Lockheed Martin Corp. had the 14th highest net in-flow for the day. Lockheed Martin Corp. traded down ($0.69) for the day and closed at $256.29

Several equities research analysts have recently weighed in on LMT shares. Cowen and Company boosted their target price on shares of Lockheed Martin Corp. from $220.00 to $235.00 in a research report on Friday, March 25th. Zacks Investment Research raised shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research report on Monday, May 16th. Jefferies Group reissued a “hold” rating and issued a $220.00 target price on shares of Lockheed Martin Corp. in a research report on Sunday, May 1st. Berenberg Bank downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $250.00 to $260.00 in a research report on Tuesday, May 31st. Finally, Royal Bank Of Canada raised shares of Lockheed Martin Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $220.00 to $250.00 in a research report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $239.97.

The stock’s 50-day moving average price is $244.07 and its 200 day moving average price is $227.92. The stock has a market capitalization of $78.03 billion and a PE ratio of 22.67.

Lockheed Martin Corp. (NYSE:LMT) last released its earnings results on Tuesday, April 26th. The company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by $0.01. The company earned $11.70 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same quarter in the previous year, the business posted $2.74 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict 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. Investors of record on Thursday, September 1st will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, August 30th.

In other Lockheed Martin Corp. news, CEO Marillyn A. Hewson sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 90,366 shares in the company, valued at $21,069,736.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 21,720 shares of the firm’s stock in a transaction dated 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 owns 19,325 shares of the company’s stock, valued at approximately $4,506,396.75. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in LMT. Freestone Capital Holdings LLC boosted its position in shares of 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 in the last quarter. United Asset Strategies Inc. boosted 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 in the last quarter. Haverford Trust Co. boosted its position in shares of 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 in the last quarter. Profund Advisors LLC boosted its position in shares of 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 in the last quarter. Finally, Doheny Asset Management CA boosted its position in shares of Lockheed Martin Corp. by 33.0% in the fourth quarter. Doheny Asset Management CA now owns 6,250 shares of the company’s stock worth $1,357,000 after buying an additional 1,550 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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