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.
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.8%. By the end of trading, Martin Marietta Materials fell $6.75 (-5.5%) to $116.89 on heavy volume. Throughout the day, 1,798,989 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 820,900 shares. The stock ranged in price between $115.49-$123.64 after having opened the day at $123.06 as compared to the previous trading day's close of $123.64. Other companies within the Industrial Goods sector that declined today were:
), down 11.8%,
), down 11.1%,
), down 9.3% and
), down 9.3%.
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Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. Martin Marietta Materials has a market cap of $5.9 billion and is part of the materials & construction industry. The company has a P/E ratio of 48.0, above the S&P 500 P/E ratio of 17.7. Shares are up 23.7% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Martin Marietta Materials a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Martin Marietta Materials
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Martin Marietta Materials Ratings Report.
On the positive front,
), up 8.1%,
), up 6.5%,
), up 6.2% and
), up 5.8% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
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