Lockheed Martin Corp (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 ( 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 0.5%. By the end of trading, Lockheed Martin rose $2.15 (1.3%) to $164.14 on average volume. Throughout the day, 1,610,644 shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1,887,200 shares. The stock ranged in a price between $161.35-$164.38 after having opened the day at $162.02 as compared to the previous trading day's close of $161.99. Other companies within the Aerospace/Defense industry that increased today were: Acorn Energy ( ACFN), up 5.0%, Frontline ( FRO), up 2.7%, B/E Aerospace ( BEAV), up 2.4% and AerCap Holdings ( AER), up 2.3%.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin has a market cap of $51.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lockheed Martin a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin 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, increase in net income and notable return on equity. 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, Taser International ( TASR), down 5.4%, Orbital ( ORB), down 5.0% and Ducommun ( DCO), down 2.5% , were all laggards within the aerospace/defense industry with Alliant Techsystems ( ATK) being today's aerospace/defense industry laggard.

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.

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