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 stocks 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 brokerages have weighed in on LMT. Argus increased their target price on shares of Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Zacks Investment Research raised shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research note on Monday, May 16th. Jefferies Group reaffirmed a “hold” rating and set a $220.00 target price on shares of Lockheed Martin Corp. in a research note on Sunday, May 1st. Berenberg Bank lowered shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $250.00 to $260.00 in a research note on Tuesday, May 31st. Finally, Royal Bank Of Canada raised shares of Lockheed Martin Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $220.00 to $250.00 in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Lockheed Martin Corp. has an average rating of “Hold” and a consensus price target of $253.09.

The company has a market cap of $74.04 billion and a P/E ratio of 20.35. The firm has a 50 day moving average price of $255.95 and a 200-day moving average price of $236.46.

Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, beating the Zacks’ 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 in the previous year, the company earned $2.94 earnings per share. Equities analysts expect that Lockheed Martin Corp. will post $12.51 EPS 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 given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 30th.

In related news, 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 sale, the insider now directly owns 31,200 shares of the company’s stock, valued at approximately $7,979,088. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 29,120 shares in the company, valued at $7,419,193.60. The disclosure for this sale can be found here.

Other large investors have recently bought and sold shares of the company. Argent Capital Management LLC raised its stake 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 in the last quarter. Stephens Inc. AR raised 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 in the last quarter. I.G. Investment Management LTD. raised its stake in 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 valued at $13,533,000 after buying an additional 4,022 shares in the last quarter. US Bancorp DE raised its stake in Lockheed Martin Corp. by 14.5% in the fourth quarter. US Bancorp DE now owns 89,089 shares of the company’s stock valued at $19,344,000 after buying an additional 11,265 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Lockheed Martin Corp. during the fourth quarter valued at about $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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