Traders bought shares of Lockheed Martin Corp. (NYSE:LMT) on weakness during trading on Tuesday. $716.44 million flowed into the stock on the tick-up and $414.80 million flowed out of the stock on the tick-down, for a money net flow of $301.64 million into the stock. Of all stocks tracked, Lockheed Martin Corp. had the highest net in-flow for the day. Lockheed Martin Corp. traded down ($4.45) for the day and closed at $249.75

A number of equities research analysts have weighed in on LMT shares. Argus reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lockheed Martin Corp. in a report on Friday, August 5th. Drexel Hamilton reaffirmed a “buy” rating and set a $284.00 price objective on shares of Lockheed Martin Corp. in a report on Wednesday, July 20th. Jefferies Group reaffirmed a “hold” rating on shares of Lockheed Martin Corp. in a report on Wednesday, August 3rd. Zacks Investment Research raised Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 price objective on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $255.00 price objective (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 five have issued 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 firm has a market capitalization of $75.65 billion and a P/E ratio of 20.80. The company’s 50 day moving average is $256.18 and its 200 day moving average is $236.08.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, August 30th.

In related news, insider Sondra L. Barbour sold 66,460 shares of Lockheed Martin Corp. stock in a transaction 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 transaction, the insider now owns 31,200 shares of the company’s stock, valued at $7,979,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Orlando D. Carvalho sold 12,700 shares of Lockheed Martin Corp. stock in a transaction 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 transaction, the insider now directly owns 29,120 shares of the company’s stock, valued at approximately $7,419,193.60. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group increased 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 worth $116,486,000 after buying an additional 75,081 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Lockheed Martin Corp. by 14.7% in the fourth quarter. Suntrust Banks Inc. now owns 87,124 shares of the company’s stock worth $18,918,000 after buying an additional 11,166 shares in the last quarter. US Bancorp DE increased its position in shares of Lockheed Martin Corp. by 14.5% in the fourth quarter. US Bancorp DE now owns 89,089 shares of the company’s stock worth $19,344,000 after buying an additional 11,265 shares in the last quarter. I.G. Investment Management LTD. increased its position in shares of Lockheed Martin Corp. by 6.9% in the fourth quarter. I.G. Investment Management LTD. now owns 62,323 shares of the company’s stock worth $13,533,000 after buying an additional 4,022 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of 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 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.

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