Lockheed Martin Corporation (LMT): Today's Featured Aerospace/Defense Winner

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 0.1%. By the end of trading, Lockheed Martin Corporation rose $3.09 (1.9%) to $162.89 on average volume. Throughout the day, 2,556,156 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1,964,000 shares. The stock ranged in a price between $159.31-$163.24 after having opened the day at $159.80 as compared to the previous trading day's close of $159.80. Other companies within the Aerospace/Defense industry that increased today were: Frontline ( FRO), up 6.8%, Orbital Sciences Corporation ( ORB), up 3.4%, General Dynamics ( GD), up 2.5% and GenCorp ( GY), up 2.2%.

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 $50.9 billion and is part of the industrial goods sector. Shares are up 7.5% year to date as of the close of trading on Thursday. Currently there are 3 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, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Ducommun ( DCO), down 15.7%, Astrotech Corporation ( ASTC), down 4.1%, Micronet Enertec Technologies ( MICT), down 3.9% and Alliant Techsystems ( ATK), down 2.2%.

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.

If you liked this article you might like

Defense Contractors Exploring India Deals Want to Safeguard Their Technology

Jim Cramer Likes These Two Defense Stocks

Everyone Needs Significant Exposure to Defense Stocks: Market Recon

Lockheed Martin, Raytheon, Activision Blizzard: 'Mad Money' Lightning Round

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)