Traders sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading on Wednesday. $191.34 million flowed into the stock on the tick-up and $344.82 million flowed out of the stock on the tick-down, for a money net flow of $153.48 million out of the stock. Of all equities tracked, Lockheed Martin Corp. had the highest net out-flow for the day. Lockheed Martin Corp. traded up $0.64 for the day and closed at $261.30

A number of brokerages have commented on LMT. Argus reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Lockheed Martin Corp. in a report on Friday, August 5th. Drexel Hamilton reissued a “buy” rating and set a $284.00 target price on shares of Lockheed Martin Corp. in a report on Wednesday, July 20th. Jefferies Group reissued a “hold” rating on shares of Lockheed Martin Corp. in a report on Wednesday, August 3rd. Zacks Investment Research raised Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $249.22.

The company has a market capitalization of $79.15 billion and a P/E ratio of 21.76. The firm’s 50 day moving average is $252.66 and its 200 day moving average is $232.82.

Lockheed Martin Corp. (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.93 by $0.39. The company earned $12.90 billion during the quarter, compared to analysts’ expectations of $12.56 billion. During the same quarter last year, the firm posted $2.94 earnings per share. Equities analysts expect 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. Stockholders of record on Thursday, September 1st will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, August 30th.

In other news, insider Orlando D. Carvalho sold 12,700 shares of Lockheed Martin Corp. stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total value of $3,235,706.00. Following the completion of the transaction, the insider now directly owns 29,120 shares in the company, valued at $7,419,193.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of Lockheed Martin Corp. stock in a transaction 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 completion of the transaction, the insider now owns 31,200 shares of the company’s stock, valued at $7,979,088. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of LMT. Freestone Capital Holdings LLC boosted its position in 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. boosted its position in 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. boosted its position in 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. Parsons Capital Management Inc. RI boosted its position in Lockheed Martin Corp. by 2.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 6,470 shares of the company’s stock valued at $1,405,000 after buying an additional 180 shares during the last quarter. Finally, Buckingham Capital Management Inc. boosted its position in Lockheed Martin Corp. by 0.4% in the third quarter. Buckingham Capital Management Inc. now owns 6,905 shares of the company’s stock valued at $1,432,000 after buying an additional 28 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.