5 Most Profitable Industrial Stocks Now

In this piece, we will take a look at the 5 most profitable industrial stocks to buy now. If you want to go through our overview of the industrial sector and some recent developments, then take a look at 14 Most Profitable Industrial Stocks Now.

5. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 60

Latest TTM Net Income: $6.97 billion

Lockheed Martin Corporation (NYSE:LMT), formed by the merger of Lockheed Corporation and Martin Marietta in March 1995, is a global American corporation specializing in aerospace, defense, arms, information security, and technology. Headquartered in North Bethesda, Maryland, the company operates in four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The U.S. Air Force Research Laboratory (AFRL) has granted Lockheed Martin Corporation (NYSE:LMT) a $33.7 million award under the Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) initiative. The goal of JETSON is to advance high-power nuclear electric power and propulsion technologies along with spacecraft design. The project involves launching a fission reactor that is activated once in space. The reactor will generate heat, transferred to Stirling power converters to produce electricity. This generated power can be utilized for spacecraft payloads or to power electric thrusters for propulsion.

According to Insider Monkey’s third quarter database, 60 hedge funds were long Lockheed Martin Corporation (NYSE:LMT), compared to 52 funds in the earlier quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the largest stakeholder of the company, with 895,100 shares worth $366.06 million.