Investors bought shares of Lockheed Martin Corp. (NYSE:LMT) on weakness during trading on Wednesday. $200.16 million flowed into the stock on the tick-up and $131.29 million flowed out of the stock on the tick-down, for a money net flow of $68.87 million into the stock. Of all stocks tracked, Lockheed Martin Corp. had the 5th highest net in-flow for the day. Lockheed Martin Corp. traded down ($0.15) for the day and closed at $256.85

A number of equities analysts recently commented on LMT shares. Vetr downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 target price for the company. in a research note on Monday, July 4th. Stifel Nicolaus downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 target price for the company. in a research note on Thursday, May 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price for the company in a research note on Monday, July 18th. Credit Suisse Group AG reiterated a “neutral” rating and set a $255.00 target price (up previously from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. Finally, Argus boosted their target price on shares of Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. One 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 presently has an average rating of “Hold” and an average price target of $249.22.

The stock has a 50-day moving average of $249.62 and a 200-day moving average of $231.23. The stock has a market capitalization of $77.80 billion and a PE ratio of 21.39.

Lockheed Martin Corp. (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.39. The company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. During the same period in the prior year, the business earned $2.94 earnings per share. Equities analysts predict that Lockheed Martin Corp. will post $12.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, August 30th.

In other Lockheed Martin Corp. news, insider Orlando D. Carvalho sold 12,700 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the completion of the transaction, the insider now directly owns 29,120 shares of the company’s stock, valued at approximately $7,419,193.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of hedge funds and institutional investors recently made changes to their positions in LMT. Cypress Asset Management Inc. TX raised its position in shares of Lockheed Martin Corp. by 4.6% in the fourth quarter. Cypress Asset Management Inc. TX now owns 26,130 shares of the company’s stock valued at $5,674,000 after buying an additional 1,145 shares in the last quarter. Morgan Stanley raised its position in shares of Lockheed Martin Corp. by 2.6% in the fourth quarter. Morgan Stanley now owns 1,616,024 shares of the company’s stock valued at $350,919,000 after buying an additional 40,904 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Lockheed Martin Corp. by 44.4% in the fourth quarter. Aviance Capital Partners LLC now owns 7,976 shares of the company’s stock valued at $1,732,000 after buying an additional 2,454 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Lockheed Martin Corp. by 14.7% in the fourth quarter. Suntrust Banks Inc. now owns 87,124 shares of the company’s stock valued at $18,918,000 after buying an additional 11,166 shares in the last quarter. Finally, Eagle Asset Management raised its position in shares of Lockheed Martin Corp. by 23.1% in the third quarter. Eagle Asset Management now owns 43,274 shares of the company’s stock valued at $8,970,000 after buying an additional 8,112 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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