NEW YORK (

TheStreet

) --

Lockheed Martin Corporation

(NYSE:

LMT

) hit a new 52-week high Friday as it is currently trading at $89.37, above its previous 52-week high of $88.55 with 144,119 shares traded as of 9:45 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Lockheed Martin has a market cap of $26.61 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 9.1% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 11.2, above the average aerospace/defense industry P/E ratio of 9.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lockheed Martin as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Lockheed Martin Ratings Report

.

See all

52-week high stocks

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