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 0.7%. By the end of trading, Lockheed Martin Corporation rose $3.00 (2.9%) to $107.37 on average volume. Throughout the day, 1,600,570 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1,971,300 shares. The stock ranged in a price between $104.42-$107.46 after having opened the day at $104.60 as compared to the previous trading day's close of $104.37. Other companies within the Aerospace/Defense industry that increased today were: GenCorp ( GY), up 4.6%, DigitalGlobe ( DGI), up 3.9%, Boeing ( BA), up 2.7% and LMI Aerospace ( LMIA), up 2.4%.
  • 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, 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 $33.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% 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 negative front, Breeze-Eastern Corporation ( BZC), down 10.0% and Frontline ( FRO), down 3.1%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing