Lockheed Martin Corporation (LMT): Today's Featured Industrial Goods Winner

Lockheed Martin Corporation (LMT) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 2.1%. By the end of trading, Lockheed Martin Corporation rose $1.65 (1.9%) to $90.20 on average volume. Throughout the day, 1.4 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 $88.65-$90.51 after having opened the day at $88.74 as compared to the previous trading day's close of $88.55. Other companies within the Industrial Goods sector that increased today were: Broadwind Energy (BWEN), up 13.5%, Aerosonic Corporation (AIM), up 12%, Skyline Corporation (SKY), up 10.5%, and Gafisa (GFA), up 10.3%.

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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 $28.46 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.3, below the average aerospace/defense industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 9.5% 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, solid stock price performance, growth in earnings per share and increase in net income. 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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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

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