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 0.9%. By the end of trading, Lockheed Martin Corporation fell $1.20 (-1.1%) to $105.83 on average volume. Throughout the day, 1,861,145 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1,957,700 shares. The stock ranged in price between $105.83-$107.79 after having opened the day at $106.66 as compared to the previous trading day's close of $107.03. Other companies within the Aerospace/Defense industry that declined today were: Frontline ( FRO), down 6.5%, Aerovironment Incorporated ( AVAV), down 4.3%, Astrotech Corporation ( ASTC), down 2.5% and CAE ( CAE), down 2.3%.
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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 $34.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 16.0% year to date as of the close of trading on Thursday. Currently there are 4 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, CPI Aerostructures ( CVU), down 2.3% and Breeze-Eastern Corporation ( BZC), down 2.3%.

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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