Investors sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading hours on Friday. $302.76 million flowed into the stock on the tick-up and $334.42 million flowed out of the stock on the tick-down, for a money net flow of $31.66 million out of the stock. Of all stocks tracked, Lockheed Martin Corp. had the 6th highest net out-flow for the day. Lockheed Martin Corp. traded up $1.61 for the day and closed at $264.15

A number of research firms have recently issued reports on LMT. Drexel Hamilton reiterated a “buy” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, April 27th. Stifel Nicolaus lowered shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 price objective on the stock. in a research note on Thursday, May 12th. They noted that the move was a valuation call. Barclays PLC lifted their price objective on shares of Lockheed Martin Corp. from $215.00 to $225.00 and gave the company an “underweight” rating in a research note on Monday, May 2nd. Wolfe Research lowered shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Finally, Zacks Investment Research lowered shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $249.22.

The stock’s 50-day moving average is $254.04 and its 200 day moving average is $233.41. The stock has a market capitalization of $80.01 billion and a P/E ratio of 22.00.

Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.39. During the same quarter last year, the firm earned $2.94 earnings per share. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. On average, analysts expect that Lockheed Martin Corp. will post $12.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be issued a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.50%.

In other news, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at $7,979,088. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Freestone Capital Holdings LLC raised its position 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 worth $1,058,000 after buying an additional 1,862 shares during the period. United Asset Strategies Inc. raised 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 worth $1,075,000 after buying an additional 33 shares during the last quarter. Parsons Capital Management Inc. RI raised 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 worth $1,405,000 after buying an additional 180 shares during the last quarter. Buckingham Capital Management Inc. raised 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 worth $1,432,000 after buying an additional 28 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Lockheed Martin Corp. by 44.4% in the fourth quarter. Stephens Inc. AR now owns 6,633 shares of the company’s stock worth $1,440,000 after buying an additional 2,038 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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