Lockheed Martin Corporation $LMT Position Reduced by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. reduced its position in Lockheed Martin Corporation by 1.2%, owning 542,420 shares after selling 6,798 shares in the first quarter, accounting for 1.2% of its portfolio.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, exceeding expectations but with revenue of only $18.16 billion, slightly below the forecasted $18.59 billion.
• The company announced a quarterly dividend of $3.30, yielding 3.0%, to be paid on September 26th, with a payout ratio of 74.32%.

Bahl & Gaynor Inc. cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,420 shares of the aerospace company's stock after selling 6,798 shares during the quarter. Lockheed Martin accounts for 1.2% of Bahl & Gaynor Inc.'s portfolio, making the stock its 27th largest position. Bahl & Gaynor Inc. owned about 0.23% of Lockheed Martin worth $242,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the first quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Banque Transatlantique SA acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $43,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $45,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. Jefferies Financial Group dropped their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. UBS Group dropped their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada dropped their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Susquehanna dropped their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $506.35.

Lockheed Martin Trading Down 0.3%

Shares of LMT stock opened at $445.7320 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. 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 business's 50 day moving average is $448.65 and its two-hundred day moving average is $456.29. The company has a market cap of $104.06 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the prior year, the business earned $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

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.

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