Lockheed Martin Corporation (LMT): Today's Featured Industrial Goods Loser
(
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 0.5%. By the end of trading, Lockheed Martin Corporation fell 66 cents (-0.8%) to $82.71 on average volume. Throughout the day, 1.2 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 $82.62-$83.62 after having opened the day at $83.25 as compared to the previous trading day's close of $83.37. Other company's within the Industrial Goods sector that declined today were:
Wowjoint Holdings
(
BWOW
), down 13.2%,
(
), down 11.1%,
(
), down 10.7%, and
TheStreet Recommends
(
), down 6.2%.
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 $27.06 billion and is part of the
industry. The company has a P/E ratio of 10, 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 3.1% 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 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.
- You can view the full Lockheed Martin Ratings Report.
On the positive front,
(
), up 9.5%,
(
), up 9.1%,
(
), up 8.6%, and
Integrated Electrical Services
(
), up 7.1%, were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector winner.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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