The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Lockheed Martin (LMT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LMT and the rest of the Aerospace group's stocks.
Lockheed Martin is one of 37 companies in the Aerospace group. The Aerospace group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 6.97% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LMT has returned 8.22% so far this year. In comparison, Aerospace companies have returned an average of 17.45%. As we can see, Lockheed Martin is performing better than its sector in the calendar year.
Looking more specifically, LMT belongs to the Aerospace - Defense industry, which includes 13 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 18.69% so far this year, so LMT is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Aerospace stocks should continue to track LMT. The stock will be looking to continue its solid performance.