Lockheed Martin Corp. (NYSE:LMT) shares saw strong trading volume on Monday . 4,523,794 shares traded hands during trading, an increase of 27% from the previous session’s volume of 3,561,201 shares.The stock last traded at $259.15 and had previously closed at $260.29.

A number of research analysts have weighed in on the stock. Argus reaffirmed a “buy” rating and set a $290.00 price target on shares of Lockheed Martin Corp. in a research report on Friday. Jefferies Group reaffirmed a “hold” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $255.00 price target (up from $225.00) on shares of Lockheed Martin Corp. in a research report on Friday, July 22nd. Zacks Investment Research cut shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $284.00 price target on shares of Lockheed Martin Corp. in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $249.22.

The firm’s 50 day moving average is $251.38 and its 200-day moving average is $232.26. The firm has a market capitalization of $78.81 billion and a PE ratio of 21.67.

Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings data 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 business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.56 billion. During the same period in the previous year, the business posted $2.94 EPS. Equities research analysts forecast that Lockheed Martin Corp. will post $12.51 EPS for the current 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 issued a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 annualized dividend and a yield of 2.54%.

In other Lockheed Martin Corp. news, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the transaction, the insider now owns 29,120 shares in the company, valued at $7,419,193.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total value of $16,996,480.40. Following the transaction, the insider now owns 31,200 shares in the company, valued at approximately $7,979,088. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in LMT. Wells Fargo & Company MN increased its stake in shares of Lockheed Martin Corp. by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,837,204 shares of the company’s stock valued at $616,099,000 after buying an additional 53,098 shares during the last quarter. Morgan Stanley increased its stake 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 during the last quarter. Schroder Investment Management Group increased its stake in shares of Lockheed Martin Corp. by 16.3% in the fourth quarter. Schroder Investment Management Group now owns 536,434 shares of the company’s stock valued at $116,486,000 after buying an additional 75,081 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lockheed Martin Corp. by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,402 shares of the company’s stock valued at $109,748,000 after buying an additional 29,773 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Lockheed Martin Corp. by 19.9% in the fourth quarter. Bank of Montreal Can now owns 328,771 shares of the company’s stock valued at $71,392,000 after buying an additional 54,641 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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