Investors sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading 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 equities 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

LMT has been the topic of several recent analyst reports. Wolfe Research cut shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Zacks Investment Research cut shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. Vetr cut shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 target price on the stock. in a research note on Monday, July 4th. Finally, Royal Bank Of Canada lowered shares of Lockheed Martin Corp. from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $241.58 to $244.00 in a report on Thursday, May 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Lockheed Martin Corp. presently has a consensus rating of “Hold” and a consensus target price of $249.22.

The company has a 50 day moving average of $254.04 and a 200-day moving average of $233.41. The company has a market capitalization of $80.01 billion and a PE ratio of 22.00.

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

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

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

A number of large investors have added to or reduced their stakes in the stock. Advantus Capital Management Inc increased its stake in Lockheed Martin Corp. by 1.0% in the fourth quarter. Advantus Capital Management Inc now owns 25,524 shares of the company’s stock worth $5,543,000 after buying an additional 260 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Lockheed Martin Corp. by 6.3% in the fourth quarter. Atlantic Trust Group LLC now owns 10,655 shares of the company’s stock worth $2,313,000 after buying an additional 629 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Lockheed Martin Corp. by 15.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,947 shares of the company’s stock worth $4,766,000 after buying an additional 2,946 shares during the last quarter. MUFG Americas Holdings Corp increased its stake 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 worth $3,170,000 after buying an additional 1,487 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Lockheed Martin Corp. by 50.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,491 shares of the company’s stock worth $3,798,000 after buying an additional 5,867 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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