Lockheed Martin Corporation (LMT): Today's Featured Aerospace/Defense Winner

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.

Lockheed Martin Corporation ( LMT) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.5%. By the end of trading, Lockheed Martin Corporation rose $1.46 (1.6%) to $93.29 on average volume. Throughout the day, two million shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $91.75-$93.36 after having opened the day at $92.31 as compared to the previous trading day's close of $91.83. Other companies within the Aerospace/Defense industry that increased today were: TAT Technologies ( TATT), up 12%, Taser International ( TASR), up 5.8%, Moog ( MOG.B), up 2.8%, and Moog ( MOG.A), up 2.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $29.29 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Friday. Currently there are three analysts that rate Lockheed Martin Corporation a buy, two analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation 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, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

Jim Cramer Likes These Two Defense Stocks

Everyone Needs Significant Exposure to Defense Stocks: Market Recon

Lockheed Martin, Raytheon, Activision Blizzard: 'Mad Money' Lightning Round

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)

Stock Futures Fall, Gold Rises as North Korea Fires Another Missile Over Japan