Lockheed Martin Corp. (NYSE:LMT)‘s stock had its “underweight” rating restated by stock analysts at Barclays PLC in a report issued on Monday. They presently have a $245.00 price objective on the stock, down from their previous price objective of $250.00. Barclays PLC’s price target would indicate a potential upside of 3.33% from the company’s previous close.

Several other brokerages have also recently issued reports on LMT. Argus reiterated a “buy” rating and set a $290.00 target price on shares of Lockheed Martin Corp. in a report on Friday, August 5th. Drexel Hamilton reiterated a “buy” rating and set a $284.00 target price on shares of Lockheed Martin Corp. in a report on Wednesday, July 20th. Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a report 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 report on Monday, July 18th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a $255.00 target price (up from $225.00) on shares of Lockheed Martin Corp. in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $258.43.

Lockheed Martin Corp. (NYSE:LMT) traded down 1.45% on Monday, hitting $237.10. 1,407,658 shares of the stock traded hands. The company has a market capitalization of $71.82 billion, a PE ratio of 19.74 and a beta of 0.59. Lockheed Martin Corp. has a 12 month low of $200.47 and a 12 month high of $266.93. The firm has a 50-day moving average price of $245.10 and a 200-day moving average price of $241.54.

Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.39. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.56 billion. Lockheed Martin Corp. had a net margin of 7.37% and a return on equity of 119.66%. During the same quarter last year, the firm posted $2.94 EPS. Analysts forecast that Lockheed Martin Corp. will post $11.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be issued a dividend of $1.82 per share. This represents a $7.28 annualized dividend and a dividend yield of 3.07%. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. The ex-dividend date of this dividend is Tuesday, November 29th. Lockheed Martin Corp.’s payout ratio is 56.51%.

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 of the company’s stock, valued at approximately $7,419,193.60. The transaction was disclosed in a legal filing with the SEC, 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 directly owns 31,200 shares of the company’s stock, valued at $7,979,088. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Americafirst Capital Management LLC bought a new stake in Lockheed Martin Corp. during the second quarter worth about $103,000. Arrow Financial Corp boosted its stake in Lockheed Martin Corp. by 3.5% in the second quarter. Arrow Financial Corp now owns 439 shares of the company’s stock worth $109,000 after buying an additional 15 shares in the last quarter. Signaturefd LLC boosted its stake in Lockheed Martin Corp. by 14.9% in the second quarter. Signaturefd LLC now owns 546 shares of the company’s stock worth $135,000 after buying an additional 71 shares in the last quarter. First Personal Financial Services boosted its stake in Lockheed Martin Corp. by 163.1% in the second quarter. First Personal Financial Services now owns 542 shares of the company’s stock worth $135,000 after buying an additional 336 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake in Lockheed Martin Corp. by 13.1% in the second quarter. Reilly Financial Advisors LLC now owns 588 shares of the company’s stock worth $146,000 after buying an additional 68 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

About Lockheed Martin Corp.

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.

5 Day Chart for NYSE:LMT

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