Lockheed Martin Corp. (NYSE:LMT) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $263.91 and last traded at $263.30, with a volume of 9,527,553 shares traded. The stock had previously closed at $261.30.

Several brokerages recently commented on LMT. Drexel Hamilton restated a “buy” rating on shares of Lockheed Martin Corp. in a report on Wednesday, April 27th. Stifel Nicolaus cut shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 target price for the company. in a report on Thursday, May 12th. They noted that the move was a valuation call. Barclays PLC upped their price target on shares of Lockheed Martin Corp. from $215.00 to $225.00 and gave the stock an “underweight” rating in a research report on Monday, May 2nd. Wolfe Research lowered shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research report 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 report on Monday, July 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $249.22.

The stock has a market cap of $79.52 billion and a PE ratio of 21.86. The stock has a 50 day moving average price of $253.35 and a 200 day moving average price of $233.03.

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

The company also recently disclosed 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. This represents a $6.60 dividend on an annualized basis and a yield of 2.51%. 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 transaction of $3,235,706.00. Following the sale, the insider now directly owns 29,120 shares in the company, valued at approximately $7,419,193.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $255.74, for a total value of $16,996,480.40. Following the sale, the insider now owns 31,200 shares in the company, valued at $7,979,088. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Argent Capital Management LLC boosted its stake in Lockheed Martin Corp. by 0.7% in the fourth quarter. Argent Capital Management LLC now owns 52,684 shares of the company’s stock worth $11,440,000 after buying an additional 352 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Lockheed Martin Corp. during the fourth quarter worth approximately $4,595,000. Westfield Capital Management Co. LP boosted its stake in Lockheed Martin Corp. by 1,156.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 14,450 shares of the company’s stock worth $3,138,000 after buying an additional 13,300 shares during the last quarter. Employees Retirement System of Texas boosted its stake in Lockheed Martin Corp. by 39.3% in the fourth quarter. Employees Retirement System of Texas now owns 57,100 shares of the company’s stock worth $12,399,000 after buying an additional 16,100 shares during the last quarter. Finally, Affinity Investment Advisors LLC boosted its stake in Lockheed Martin Corp. by 0.4% in the fourth quarter. Affinity Investment Advisors LLC now owns 77,366 shares of the company’s stock worth $16,800,000 after buying an additional 290 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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