Bahl & Gaynor Inc. Has $242.30 Million Position in Lockheed Martin Corporation $LMT

Bahl & Gaynor Inc. reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 542,420 shares of the aerospace company’s stock after selling 6,798 shares during the quarter. Lockheed Martin comprises 1.2% of Bahl & Gaynor Inc.’s holdings, making the stock its 27th largest position. Bahl & Gaynor Inc.’s holdings in Lockheed Martin were worth $242,304,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Biondo Investment Advisors LLC raised its stake in Lockheed Martin by 4.8% during the first quarter. Biondo Investment Advisors LLC now owns 22,667 shares of the aerospace company’s stock worth $10,125,000 after acquiring an additional 1,042 shares in the last quarter. Phoenix Wealth Advisors raised its stake in Lockheed Martin by 8.1% during the first quarter. Phoenix Wealth Advisors now owns 1,221 shares of the aerospace company’s stock worth $545,000 after acquiring an additional 92 shares in the last quarter. AlphaQuest LLC raised its stake in Lockheed Martin by 14.8% during the first quarter. AlphaQuest LLC now owns 4,053 shares of the aerospace company’s stock worth $1,811,000 after acquiring an additional 522 shares in the last quarter. Van Hulzen Asset Management LLC raised its stake in Lockheed Martin by 3.2% during the first quarter. Van Hulzen Asset Management LLC now owns 2,532 shares of the aerospace company’s stock worth $1,131,000 after acquiring an additional 79 shares in the last quarter. Finally, Strategies Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter worth $294,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock opened at $445.7320 on Friday. The stock has a 50-day moving average price of $448.65 and a 200 day moving average price of $456.29. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market cap of $104.06 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMT. UBS Group dropped their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $506.35.

About Lockheed Martin

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.