Traders sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading hours on Thursday. $265.69 million flowed into the stock on the tick-up and $601.72 million flowed out of the stock on the tick-down, for a money net flow of $336.03 million out of the stock. Of all companies tracked, Lockheed Martin Corp. had the 0th highest net out-flow for the day. Lockheed Martin Corp. traded up $1.24 for the day and closed at $262.54

Several analysts recently commented on the company. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $260.00 target price on the stock in a research report on Monday, May 2nd. Royal Bank Of Canada upgraded Lockheed Martin Corp. from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $220.00 to $250.00 in a research report on Wednesday, June 1st. Jefferies Group restated a “hold” rating and issued a $220.00 target price on shares of Lockheed Martin Corp. in a research report on Sunday, May 1st. Drexel Hamilton restated a “buy” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, April 27th. Finally, Wolfe Research cut Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $249.22.

The stock has a 50 day moving average of $253.35 and a 200 day moving average of $233.03. The stock has a market capitalization of $79.52 billion and a price-to-earnings ratio of 21.86.

Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.39. During the same quarter last year, the firm earned $2.94 EPS. The company earned $12.90 billion during the quarter, compared to the consensus estimate of $12.56 billion. Equities research analysts predict that Lockheed Martin Corp. will post $12.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, August 30th.

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

Other hedge funds and institutional investors recently bought and sold shares of the company. MUFG Americas Holdings Corp boosted its position in Lockheed Martin Corp. by 11.3% in the fourth quarter. MUFG Americas Holdings Corp now owns 14,601 shares of the company’s stock valued at $3,170,000 after buying an additional 1,487 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Lockheed Martin Corp. by 50.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,491 shares of the company’s stock valued at $3,798,000 after buying an additional 5,867 shares during the last quarter. Schroder Investment Management Group boosted 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Lockheed Martin Corp. by 6.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 39,395 shares of the company’s stock valued at $8,555,000 after buying an additional 2,405 shares during the last quarter. Finally, Dai Ichi Life Insurance CO. LTD. boosted its stake in shares of Lockheed Martin Corp. by 8.1% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 56,531 shares of the company’s stock valued at $12,276,000 after buying an additional 4,231 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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