Lockheed Martin Corporation (NYSE:LMT) hit a new 52-week high Wednesday as it is currently trading at $94.94, above its previous 52-week high of $94.90 with 1.1 million shares traded as of 1:25 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Lockheed Martin Corporation (NYSE: LMT) hit a new 52-week high Wednesday as it is currently trading at $94.94, above its previous 52-week high of $94.90 with 1.1 million shares traded as of 1:25 p.m. ET. Average volume has been 1.4 million shares over the past 30 days. Lockheed Martin has a market cap of $30.1 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.7% 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 10.9, equal to the average aerospace/defense industry P/E ratio 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 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. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.