Lockheed Martin Corporation (LMT): Today's Featured Aerospace/Defense Winner

Lockheed Martin Corporation (LMT) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 4.1%. By the end of trading, Lockheed Martin Corporation rose $2.56 (3%) to $87.09 on average volume. Throughout the day, 1.8 million shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $86-$87.09 after having opened the day at $86.29 as compared to the previous trading day's close of $84.53. Other companies within the Aerospace/Defense industry that increased today were: Smith & Wesson Holding Corporation (SWHC), up 20.5%, Sifco Industries (SIF), up 12.8%, GenCorp (GY), up 8.3%, and Sturm Ruger & Company (RGR), up 7.3%.

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Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the United States and internationally. Lockheed Martin Corporation has a market cap of $27.56 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.2, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Lockheed Martin Corporation a buy, one analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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