Shares of Lockheed Martin Corp. (NYSE:LMT) hit a new 52-week high during mid-day trading on Thursday . The company 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.

A number of analysts have recently issued reports on the company. Argus reaffirmed a “buy” rating and set a $290.00 target price on shares of Lockheed Martin Corp. in a research report on Friday, August 5th. Drexel Hamilton reaffirmed a “buy” rating and set a $284.00 target price on shares of Lockheed Martin Corp. in a research report on Wednesday, July 20th. Jefferies Group reaffirmed a “hold” rating on shares of Lockheed Martin Corp. in a research 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 research report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a research report on Friday, July 22nd. One equities research 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. The company currently has an average rating of “Hold” and a consensus price target of $249.22.

The firm has a market capitalization of $80.01 billion and a price-to-earnings ratio of 22.00. The stock has a 50-day moving average of $254.04 and a 200 day moving average of $233.41.

Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.56 billion. During the same quarter last year, the company earned $2.94 earnings per share. Analysts anticipate 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. Stockholders of record on Thursday, September 1st will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, August 30th.

In other news, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the completion of the transaction, the insider now owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $7,979,088. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the stock. 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 in the last quarter. Parsons Capital Management Inc. RI raised 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 period. Buckingham Capital Management Inc. raised 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 period. Stephens Inc. AR raised its position in Lockheed Martin Corp. by 44.4% in the fourth quarter. Stephens Inc. AR now owns 6,633 shares of the company’s stock valued at $1,440,000 after buying an additional 2,038 shares during the period. Finally, Girard Partners LTD. raised its position in Lockheed Martin Corp. by 14.9% in the fourth quarter. Girard Partners LTD. now owns 9,481 shares of the company’s stock valued at $2,059,000 after buying an additional 1,233 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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