Lockheed Martin Corp. (NYSE:LMT)’s share price was down 2.7% during trading on Tuesday . The company traded as low as $256.87 and last traded at $259.18, with a volume of 3,016,897 shares. The stock had previously closed at $266.50.

A number of equities analysts recently commented on LMT shares. Argus raised their price target on shares of Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Zacks Investment Research lowered shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Vetr lowered 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 report on Monday, July 4th. Royal Bank Of Canada raised shares of 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. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a report on Friday, July 22nd. One investment 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 an average target price of $249.22.

The stock has a 50-day moving average of $254.81 and a 200-day moving average of $234.20. The stock has a market capitalization of $77.78 billion and a PE ratio of 21.38.

Lockheed Martin Corp. (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.93 by $0.39. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.56 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. Equities research analysts forecast that Lockheed Martin Corp. will post $12.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors 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 2.57%. 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 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 transaction, the insider now directly owns 29,120 shares in the company, valued at $7,419,193.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of the company’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 completion of the transaction, the insider now owns 31,200 shares in the company, valued at $7,979,088. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. Argent Capital Management LLC boosted its position 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 valued at $11,440,000 after buying an additional 352 shares during the period. Venturi Wealth Management LLC bought a new position in Lockheed Martin Corp. during the fourth quarter valued at $4,595,000. Westfield Capital Management Co. LP boosted its position 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 valued at $3,138,000 after buying an additional 13,300 shares during the period. Employees Retirement System of Texas boosted its position 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 valued at $12,399,000 after buying an additional 16,100 shares during the period. Finally, Affinity Investment Advisors LLC boosted its position 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 valued at $16,800,000 after buying an additional 290 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.