Investors sold shares of Lockheed Martin Co. (NYSE:LMT) on strength during trading hours on Wednesday. $166.89 million flowed into the stock on the tick-up and $196.39 million flowed out of the stock on the tick-down, for a money net flow of $29.50 million out of the stock. Of all stocks tracked, Lockheed Martin had the 0th highest net out-flow for the day. Lockheed Martin traded up $7.84 for the day and closed at $345.43

Several equities research analysts recently weighed in on the company. Wells Fargo & Co lifted their price objective on Lockheed Martin from $340.00 to $355.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $392.00 price objective (up previously from $343.00) on shares of Lockheed Martin in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “hold” rating on shares of Lockheed Martin in a report on Tuesday, January 30th. Jefferies Group reaffirmed a “hold” rating and set a $370.00 target price on shares of Lockheed Martin in a report on Tuesday, January 30th. Finally, Credit Suisse Group lifted their target price on Lockheed Martin from $308.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $372.53.

The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of -22.19. The firm has a market cap of $96,405.84, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.97 and a beta of 0.73.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.24. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The company had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same quarter in the previous year, the firm earned $3.25 earnings per share. Lockheed Martin’s revenue was up 10.1% on a year-over-year basis. sell-side analysts predict that Lockheed Martin Co. will post 15.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 28th. Lockheed Martin’s payout ratio is 117.13%.

In other news, Chairman Marillyn A. Hewson sold 19,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the completion of the transaction, the chairman now owns 80,478 shares of the company’s stock, valued at $27,904,941.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dale P. Bennett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The disclosure for this sale can be found here. Insiders have sold 28,517 shares of company stock valued at $9,905,819 in the last three months. 0.39% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. bought a new position in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.92% of the stock is owned by institutional investors.

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About Lockheed Martin

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

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