Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.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 0.4%. By the end of trading, Lockheed Martin Corporation rose $1.20 (1.0%) to $119.12 on average volume. Throughout the day, 2,205,999 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1,795,300 shares. The stock ranged in a price between $118.23-$120.38 after having opened the day at $118.50 as compared to the previous trading day's close of $117.92. Other companies within the Aerospace/Defense industry that increased today were: Frontline ( FRO), up 15.2%, GenCorp ( GY), up 2.5%, Smith & Wesson Holding Corporation ( SWHC), up 1.9% and Northrop Grumman ( NOC), up 1.7%.
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 $37.1 billion and is part of the industrial goods sector. Shares are up 25.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 12 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.