Lockheed Martin Corp. (NYSE:LMT) shares dropped 1.9% during trading on Tuesday . The stock traded as low as $249.05 and last traded at $249.39, with a volume of 5,688,664 shares. The stock had previously closed at $254.20.

LMT has been the subject of several analyst reports. Wolfe Research downgraded shares of Lockheed Martin Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Drexel Hamilton reaffirmed a “buy” rating on shares of Lockheed Martin Corp. in a report on Wednesday, April 27th. Jefferies Group reissued a “hold” rating and issued a $220.00 price target on shares of Lockheed Martin Corp. in a report on Sunday, May 1st. Barclays PLC raised their price target on shares of Lockheed Martin Corp. from $215.00 to $225.00 and gave the company an “underweight” rating in a 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 target for the company in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Lockheed Martin Corp. currently has a consensus rating of “Hold” and an average price target of $250.36.

The firm has a market cap of $75.65 billion and a P/E ratio of 20.80. The company has a 50-day moving average price of $256.18 and a 200 day moving average price of $236.08.

Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.39. During the same period in the prior year, the company posted $2.94 earnings per share. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.56 billion. On average, equities analysts forecast that Lockheed Martin Corp. will post $12.51 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a yield of 2.64%.

In other Lockheed Martin Corp. news, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total value of $16,996,480.40. Following the completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at $7,979,088. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total transaction 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 disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its position in Lockheed Martin Corp. by 2.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 6,470 shares of the company’s stock worth $1,405,000 after buying an additional 180 shares during the last quarter. Stephens Inc. AR raised its position in Lockheed Martin Corp. by 44.4% in the fourth quarter. Stephens Inc. AR now owns 6,633 shares of the company’s stock worth $1,440,000 after buying an additional 2,038 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Lockheed Martin Corp. by 0.4% in the third quarter. Buckingham Capital Management Inc. now owns 6,905 shares of the company’s stock worth $1,432,000 after buying an additional 28 shares during the last quarter. Westfield Capital Management Co. LP raised 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 worth $3,138,000 after buying an additional 13,300 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Lockheed Martin Corp. during the fourth quarter worth $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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