Traders 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 0th 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 brokerages recently commented on LMT. Argus raised their target price on Lockheed Martin Corp. from $255.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Monday, May 16th. Jefferies Group restated a “hold” rating and set a $220.00 target price on shares of Lockheed Martin Corp. in a report on Sunday, May 1st. Berenberg Bank cut Lockheed Martin Corp. from a “buy” rating to a “hold” rating and raised their target price for the company from $250.00 to $260.00 in a report on Tuesday, May 31st. Finally, 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 report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $249.22.

The stock has a market cap of $80.01 billion and a P/E ratio of 22.00. The company has a 50-day moving average of $254.04 and a 200-day moving average of $233.41.

Lockheed Martin Corp. (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.39. During the same quarter in the prior year, the company earned $2.94 earnings per share. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. On average, equities research analysts expect that Lockheed Martin Corp. will post $12.51 EPS 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 given 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 other Lockheed Martin Corp. news, insider Orlando D. Carvalho sold 12,700 shares of the 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 sale, the insider now owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction that occurred 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 completion of the sale, 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.

Other hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in shares of Lockheed Martin Corp. by 71.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 275,000 shares of the company’s stock valued at $59,717,000 after buying an additional 115,000 shares during the period. Schroder Investment Management Group increased 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 period. BNP Paribas Arbitrage SA increased its stake in shares of Lockheed Martin Corp. by 524.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 39,665 shares of the company’s stock valued at $8,613,000 after buying an additional 33,318 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lockheed Martin Corp. by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,402 shares of the company’s stock valued at $109,748,000 after buying an additional 29,773 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Lockheed Martin Corp. during the fourth quarter valued at about $4,595,000.

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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