Lockheed Martin Corporation (NYSE:LMT) hit a new 52-week high Wednesday as it is currently trading at $99.58, above its previous 52-week high of $99.49 with 546,099 shares traded as of 11:10 a.m. ET. Average volume has been 2.3 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 $99.58, above its previous 52-week high of $99.49 with 546,099 shares traded as of 11:10 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Lockheed Martin has a market cap of $31.74 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 7.4% year to date as of the close of trading on Tuesday. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lockheed Martin as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Lockheed Martin Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.