Investors sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading hours on Thursday. $131.46 million flowed into the stock on the tick-up and $164.97 million flowed out of the stock on the tick-down, for a money net flow of $33.51 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 $0.41 for the day and closed at $248.53

Several equities analysts recently commented on the stock. Argus reiterated a “buy” rating and set a $290.00 price target on shares of Lockheed Martin Corp. in a report on Friday, August 5th. Drexel Hamilton reiterated a “buy” rating and set a $284.00 price target on shares of Lockheed Martin Corp. in a report on Wednesday, July 20th. Jefferies Group restated a “hold” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a research note on Monday, July 18th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Lockheed Martin Corp. presently has a consensus rating of “Hold” and an average price target of $253.09.

The company has a market capitalization of $75.28 billion and a price-to-earnings ratio of 20.70. The stock has a 50-day moving average price of $256.10 and a 200-day moving average price of $236.25.

Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.39. During the same quarter in the prior year, the firm posted $2.94 EPS. The company had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.56 billion. Equities analysts expect that Lockheed Martin Corp. will post $12.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $6.60 annualized dividend and a dividend yield of 2.66%.

In related news, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction 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 sale, the insider now owns 31,200 shares in the company, valued at approximately $7,979,088. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction 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 completion of the sale, the insider now 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.

A number of hedge funds have added to or reduced their stakes in the stock. Stephens Inc. AR increased its stake in Lockheed Martin Corp. by 44.4% in the fourth quarter. Stephens Inc. AR now owns 6,633 shares of the company’s stock valued at $1,440,000 after buying an additional 2,038 shares during the period. Buckingham Capital Management Inc. increased its stake 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 valued at $1,432,000 after buying an additional 28 shares during the period. Westfield Capital Management Co. LP increased its stake 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. Venturi Wealth Management LLC acquired a new stake in Lockheed Martin Corp. during the fourth quarter valued at approximately $4,595,000. Finally, BNP Paribas Arbitrage SA increased its stake in 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 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.

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