Bahl & Gaynor Inc. Lowers Stock Holdings in Lockheed Martin Corporation $LMT

Bahl & Gaynor Inc. cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 534,130 shares of the aerospace company’s stock after selling 8,290 shares during the quarter. Lockheed Martin makes up approximately 1.3% of Bahl & Gaynor Inc.’s holdings, making the stock its 25th biggest holding. Bahl & Gaynor Inc. owned about 0.23% of Lockheed Martin worth $247,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Entropy Technologies LP boosted its position in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $377,000. Empowered Funds LLC boosted its holdings in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares during the last quarter. Laffer Tengler Investments Inc. increased its stake in shares of Lockheed Martin by 482.6% in the second quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock worth $3,232,000 after acquiring an additional 5,781 shares during the period. Finally, Modera Wealth Management LLC raised its holdings in shares of Lockheed Martin by 3.1% during the second quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock worth $14,975,000 after purchasing an additional 971 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LMT shares. UBS Group lowered their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Susquehanna upped their target price on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Royal Bank Of Canada lifted their price target on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday. Finally, Truist Financial raised their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Down 1.7%

LMT stock opened at $460.15 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $546.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a 50-day simple moving average of $484.68 and a 200-day simple moving average of $466.89. The stock has a market capitalization of $106.48 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the previous year, the firm posted $6.84 EPS. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.