Traders sold shares of Lockheed Martin Corp. (NYSE:LMT) on strength during trading on Thursday. $149.78 million flowed into the stock on the tick-up and $205.56 million flowed out of the stock on the tick-down, for a money net flow of $55.78 million out of the stock. Of all equities tracked, Lockheed Martin Corp. had the 0th highest net out-flow for the day. Lockheed Martin Corp. traded up $3.52 for the day and closed at $242.97

LMT has been the topic of a number of research reports. Zacks Investment Research downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Stifel Nicolaus downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $242.44 price target on the stock. in a research note on Thursday, May 12th. They noted that the move was a valuation call. Royal Bank Of Canada downgraded Lockheed Martin Corp. from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $241.58 to $244.00 in a research note on Thursday, May 19th. They noted that the move was a valuation call. Berenberg Bank downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and upped their price target for the stock from $250.00 to $260.00 in a research note on Tuesday, May 31st. Finally, Vetr downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 price target on the stock. in a research note on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin Corp. presently has a consensus rating of “Hold” and an average target price of $254.39.

The stock has a market capitalization of $73.79 billion and a price-to-earnings ratio of 20.29. The firm’s 50-day moving average is $254.65 and its 200 day moving average is $237.37.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be given a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 annualized dividend and a yield of 2.71%.

In other 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 transaction of $3,235,706.00. Following the completion of the transaction, the insider now directly owns 29,120 shares in the company, valued at $7,419,193.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following the transaction, 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.

Several institutional investors have added to or reduced their stakes in LMT. Baird Financial Group Inc. raised its position in Lockheed Martin Corp. by 59.0% in the fourth quarter. Baird Financial Group Inc. now owns 17,109 shares of the company’s stock valued at $3,715,000 after buying an additional 6,346 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in 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. Finally, US Bancorp DE raised its position 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 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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