Investors sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading hours on Tuesday. $201.07 million flowed into the stock on the tick-up and $269.21 million flowed out of the stock on the tick-down, for a money net flow of $68.14 million out of the stock. Of all stocks tracked, Lockheed Martin Corp. had the 0th highest net out-flow for the day. Lockheed Martin Corp. traded up $0.47 for the day and closed at $260.66

LMT has been the topic of a number of recent research reports. Argus reiterated a “buy” rating and issued a $290.00 price objective on shares of Lockheed Martin Corp. in a report on Friday, August 5th. Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “neutral” rating and issued a $255.00 price objective (up from $225.00) on shares of Lockheed Martin Corp. in a report on Friday, July 22nd. Zacks Investment Research downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $284.00 price objective on shares of Lockheed Martin Corp. in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $249.22.

The stock’s 50 day moving average price is $252.01 and its 200 day moving average price is $232.61. The firm has a market capitalization of $78.96 billion and a P/E ratio of 21.71.

Lockheed Martin Corp. (NYSE:LMT) last issued its earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.39. The firm earned $12.90 billion during the quarter, compared to the consensus estimate of $12.56 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. Equities analysts forecast that Lockheed Martin Corp. will post $12.51 EPS 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 issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Tuesday, August 30th.

In other Lockheed Martin Corp. news, insider Sondra L. Barbour sold 66,460 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following the transaction, the insider now directly owns 31,200 shares in the company, valued at approximately $7,979,088. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value 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 disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. Buckingham Capital Management Inc. boosted its position in shares of 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 period. 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 valued at $1,075,000 after buying an additional 33 shares during the period. Parsons Capital Management Inc. RI boosted its position in shares of 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 period. Advantus Capital Management Inc boosted its position in shares of Lockheed Martin Corp. by 1.0% in the fourth quarter. Advantus Capital Management Inc now owns 25,524 shares of the company’s stock valued at $5,543,000 after buying an additional 260 shares during the period. Finally, Affinity Investment Advisors LLC boosted its position in shares of Lockheed Martin Corp. by 0.4% in the fourth quarter. Affinity Investment Advisors LLC now owns 77,366 shares of the company’s stock valued at $16,800,000 after buying an additional 290 shares during the period.

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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