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 1.0%. By the end of trading, Lockheed Martin Corporation rose $1.32 (1.3%) to $100.67 on average volume. Throughout the day, 1,802,484 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 2,335,900 shares. The stock ranged in a price between $99.16-$101.12 after having opened the day at $99.75 as compared to the previous trading day's close of $99.35. Other companies within the Aerospace/Defense industry that increased today were:
Ducommun (
DCO), up 4.5%,
Heico Corporation (
HEI.A), up 3.6%,
Innovative Solutions and Support (
ISSC), up 3.3% and
Spirit AeroSystems Holdings (
SPR), up 3.1%.
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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. Lockheed Martin Corporation has a market cap of $31.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates Lockheed Martin Corporation 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.
On the negative front,
TAT Technologies (
TATT), down 2.3%, was a laggard within the aerospace/defense industry with
Triumph Group (
TGI) being today's aerospace/defense industry Loser Spotlight stock.
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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