Lockheed Martin Corp. (NYSE:LMT) fell 2% during trading on Tuesday . The stock traded as low as $239.25 and last traded at $239.30, with a volume of 912,494 shares. The stock had previously closed at $244.30.

Several brokerages have recently issued reports on LMT. Argus upped 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 upgraded shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research note on Monday, May 16th. Berenberg Bank downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and upped their target price for the stock from $250.00 to $260.00 in a research note on Tuesday, May 31st. Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada upgraded shares of Lockheed Martin Corp. from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $220.00 to $250.00 in a research note on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin Corp. has a consensus rating of “Hold” and a consensus target price of $254.39.

The stock has a 50 day moving average price of $255.32 and a 200 day moving average price of $237.29. The stock has a market capitalization of $72.53 billion and a PE ratio of 19.94.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, August 30th.

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

Other hedge funds have made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Lockheed Martin Corp. during the fourth quarter valued at approximately $4,595,000. BNP Paribas Arbitrage SA boosted its stake in shares of 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 last quarter. Stephens Inc. AR boosted its stake 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 valued at $1,440,000 after buying an additional 2,038 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake 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 valued at $13,533,000 after buying an additional 4,022 shares during 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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