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

LMT has been the topic of several analyst reports. Wolfe Research downgraded shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. Drexel Hamilton reaffirmed a “buy” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, April 27th. Jefferies Group reaffirmed a “hold” rating and set a $220.00 price objective on shares of Lockheed Martin Corp. in a research report on Sunday, May 1st. Barclays PLC boosted their price objective on shares of Lockheed Martin Corp. from $215.00 to $225.00 and gave the company an “underweight” rating in a research report on Monday, May 2nd. Finally, Zacks Investment Research raised shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $260.00 price objective on the stock in a research report on Monday, May 2nd. One equities research 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 has a consensus rating of “Hold” and an average target price of $249.22.

The company has a market capitalization of $79.22 billion and a PE ratio of 21.78. The company’s 50-day moving average is $254.81 and its 200-day moving average is $234.20.

Lockheed Martin Corp. (NYSE:LMT) last announced 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 had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. During the same quarter last year, the business posted $2.94 earnings per share. On average, 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. Shareholders of record on Thursday, September 1st will be issued a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 annualized dividend and a yield of 2.48%.

In other Lockheed Martin Corp. news, insider Orlando D. Carvalho sold 12,700 shares of the firm’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sondra L. Barbour sold 66,460 shares of the firm’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 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.

A number of hedge funds recently made changes to their positions in LMT. 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 boosted its position 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position 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 in the last quarter. Dimensional Fund Advisors LP boosted its position 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 in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Lockheed Martin Corp. during the fourth quarter valued at $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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