Bahl & Gaynor LLC Sells 35,401 Shares of Lockheed Martin Corporation $LMT

Key Points

• Bahl & Gaynor cut its Lockheed Martin stake by 30.2%, selling 35,401 shares in the third quarter and retaining 81,999 shares valued at about $41.8 million.
• Lockheed Martin beat quarterly earnings and revenue estimates: EPS was $7.97 versus $7.52 expected, while revenue rose 11.3% year over year to $20.71 billion. It also raised its quarterly dividend to $3.60 per share from $3.45.
• Analyst sentiment is moderately positive, with an average price target of $647 and a “Moderate Buy” consensus rating; 12 analysts rate the stock Buy or Strong Buy, 10 Hold, and one Sell.

Bahl & Gaynor LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,999 shares of the aerospace company's stock after selling 35,401 shares during the quarter. Bahl & Gaynor LLC's holdings in Lockheed Martin were worth $41,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norris Financial Group LLC bought a new stake in Lockheed Martin during the 1st quarter valued at $2,321,000. CX Institutional boosted its holdings in shares of Lockheed Martin by 527.4% in the third quarter. CX Institutional now owns 18,415 shares of the aerospace company's stock worth $9,378,000 after acquiring an additional 15,480 shares during the period. Talon Private Wealth LLC bought a new position in shares of Lockheed Martin in the first quarter worth $3,743,000. Meeder Asset Management Inc. purchased a new position in shares of Lockheed Martin in the second quarter valued at $11,036,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at $4,796,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 2.5%

NYSE LMT opened at $603.19 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $139.34 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.25 and a beta of 0.07. The stock's 50-day simple moving average is $549.59 and its two-hundred day simple moving average is $569.72. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping analysts' consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The company had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. During the same quarter in the previous year, the company posted $6.95 EPS. Lockheed Martin's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts forecast that Lockheed Martin Corporation will post 30.66 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin's dividend payout ratio is currently 49.02%.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin said it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. The milestone highlights the scale of demand and the company’s push to deliver more rockets faster. Lockheed Martin reaches 100,000 GMLRS rocket deliveries, expands production
• Positive Sentiment: A successful ground test of a new General Dynamics-built solid rocket motor is another step toward increasing GMLRS output. The milestone supports the production expansion story. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Coverage also points to a $694 million hypersonic contract, adding to investor focus on Lockheed’s missile-program opportunities. Is Lockheed Martin (LMT) Cheap After Its $694 Million Hypersonic Contract?
• Positive Sentiment: Recent commentary cites a $292 billion backlog and an $8 billion missile investment, while earlier coverage highlighted strong quarterly results and long-term Defense Department procurement agreements—factors that support longer-term demand visibility. Lockheed Martin Stock: Record $292 Billion Backlog, $8 Billion Missile Bet, and a Price Worth Watching Why Lockheed Martin Rallied in October
• Neutral Sentiment: The new rocket motor remains on track for qualification in 2027, so the test is progress rather than evidence that the upgraded motor is already qualified for production use. Lockheed Tests New GD-Built Rocket Motor For GMLRS, On Track For Qualification In 2027

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMT. Citigroup boosted their price objective on Lockheed Martin from $691.00 to $706.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Bank of America reiterated a "neutral" rating and set a $620.00 price target on shares of Lockheed Martin in a research report on Monday, October 26th. Wells Fargo & Company increased their price target on shares of Lockheed Martin from $600.00 to $700.00 and gave the stock an "equal weight" rating in a report on Monday, November 2nd. Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a "sector perform" rating in a report on Friday, October 23rd. Finally, Sanford C. Bernstein cut their price objective on shares of Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $647.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

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