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

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 lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Lockheed Martin Corporation fell $1.26 (-1.3%) to $92.96 on average volume. Throughout the day, 1.3 million shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $92.46-$93.80 after having opened the day at $93.70 as compared to the previous trading day's close of $94.22. Other companies within the Aerospace/Defense industry that declined today were: Aerosonic Corporation ( AIM), down 9.5%, Embraer S.A ( ERJ), down 5.5%, Astrotech Corporation ( ASTC), down 4.4%, and Alliant Techsystems ( ATK), down 2.9%.
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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 $30.38 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Monday. Currently there are four analysts that rate Lockheed Martin Corporation a buy, two analysts rate it a sell, and 11 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 increase in stock price during the past year, 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).

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