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

LMT has been the subject of a number of research reports. Cowen and Company lifted their price objective on Lockheed Martin Corp. from $220.00 to $235.00 in a research 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 stock a “hold” rating in a research report on Thursday, April 7th. Wolfe Research lowered Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. Drexel Hamilton reiterated a “buy” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, April 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $220.00 price objective on shares of Lockheed Martin Corp. in a research report on Sunday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $239.97.

The firm has a 50-day moving average of $244.50 and a 200-day moving average of $228.15. The company has a market cap of $78.84 billion and a PE ratio of 22.90.

Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.39. The company earned $12.90 billion during the quarter, compared to analyst estimates of $12.56 billion. During the same period in the previous year, the company posted $2.94 EPS. On average, equities research analysts forecast that Lockheed Martin Corp. will post $11.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders 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 annualized dividend and a dividend yield of 2.55%.

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

Several large investors have made changes to their positions in the stock. Freestone Capital Holdings LLC raised its stake 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 valued at $1,058,000 after buying an additional 1,862 shares during the last quarter. United Asset Strategies Inc. raised 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 valued at $1,075,000 after buying an additional 33 shares during the last quarter. Haverford Trust Co. raised its stake 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 valued at $1,228,000 after buying an additional 1,100 shares during the last quarter. Profund Advisors LLC raised its stake 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 valued at $1,318,000 after buying an additional 1,321 shares during the last quarter. Finally, Doheny Asset Management CA raised its stake 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 valued at $1,357,000 after buying an additional 1,550 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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