NEW YORK ( TheStreet) -- Lockheed Martin Corporation (NYSE: LMT) hit a new 52-week high Wednesday as it is currently trading at $91.64, above its previous 52-week high of $91.61 with 161,865 shares traded as of 9:55 a.m. ET. Average volume has been two million shares over the past 30 days. Lockheed Martin has a market cap of $29.39 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 12.6% year to date as of the close of trading on Tuesday. 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 11.5, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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 or get investment ideas from our investment research center.