Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Lockheed Martin Corporation fell $1.43 (-1.5%) to $92.89 on average volume. Throughout the day, 1.5 million shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $92.69-$94.30 after having opened the day at $94.21 as compared to the previous trading day's close of $94.32. Other companies within the Aerospace/Defense industry that declined today were:
), down 4.9%,
), down 4%,
), down 4%, and
), down 4%.
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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 $30.36 billion and is part of the industrial goods sector. The company has a P/E ratio of 11, 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 16.6% 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 14 rate it a hold.
TheStreet Ratings rates Lockheed Martin Corporation as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Lockheed Martin Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider
) while those bearish on the aerospace/defense industry could consider
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