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Is Lockheed Martin (LMT) Outperforming Other Aerospace Stocks This Year?

Zacks Equity Research

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Lockheed Martin (LMT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.

Lockheed Martin is a member of our Aerospace group, which includes 34 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LMT is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for LMT's full-year earnings has moved 3.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, LMT has returned 45.15% so far this year. Meanwhile, the Aerospace sector has returned an average of 29.28% on a year-to-date basis. This means that Lockheed Martin is outperforming the sector as a whole this year.

To break things down more, LMT belongs to the Aerospace - Defense industry, a group that includes 12 individual companies and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 28.07% so far this year, so LMT is performing better in this area.

Investors with an interest in Aerospace stocks should continue to track LMT. The stock will be looking to continue its solid performance.


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Zacks Investment Research