Traders sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading hours on Monday. $108.78 million flowed into the stock on the tick-up and $128.28 million flowed out of the stock on the tick-down, for a money net flow of $19.50 million out of the stock. Of all companies tracked, Lockheed Martin Corp. had the 0th highest net out-flow for the day. Lockheed Martin Corp. traded up $0.08 for the day and closed at $254.20

LMT has been the subject of a number of research reports. Vetr downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 price target for the company. in a research note on Monday, July 4th. Stifel Nicolaus downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 price target for the company. in a research note on Thursday, May 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 price target for the company in a research note on Monday, July 18th. Argus reiterated a “buy” rating and issued a $290.00 price target on shares of Lockheed Martin Corp. in a research note on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $255.00 price target (up from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Lockheed Martin Corp. presently has an average rating of “Hold” and an average target price of $250.36.

The stock’s 50-day moving average is $256.36 and its 200-day moving average is $235.80. The company has a market cap of $77.00 billion and a P/E ratio of 21.17.

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

The firm also recently declared 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 yield of 2.60%. The ex-dividend date of this dividend is Tuesday, August 30th.

In related news, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction dated 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 transaction, the insider now owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction dated 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 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.

A number of hedge funds and institutional investors have bought and sold shares of LMT. Schwab Charles Investment Management Inc. raised its position in Lockheed Martin Corp. by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 917,016 shares of the company’s stock valued at $199,131,000 after buying an additional 47,745 shares during the period. Argent Capital Management LLC boosted its stake in shares of 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 in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Lockheed Martin Corp. during the fourth quarter valued at $4,595,000. Westfield Capital Management Co. LP boosted its stake in shares of 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 in the last quarter. Finally, Employees Retirement System of Texas boosted its stake in shares of 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 in 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.

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.