NEW YORK (TheStreet) -- Shares of Martin Marietta (MLM) - Get Report are up by over 15% since election day on November 8, because President-elect Donald Trump wants to spend $1 trillion on new infrastructure.
"How optimistic are you that anything gets done?" CNBC's Brian Sullivan asked Martin Marietta CEO Howard Nye on Monday afternoon's "Halftime Report."
"I think something will get done," Nye answered, adding that the American electorate is "hungry" for more infrastructure.
Trump wants to use an infrastructure bill to get the job done, while the GOP may push to make it a part of a massive overhaul tax plan, Sullivan noted.
Nye believes the end result will be a combination of both, although his company would "love" to see either one get passed, he said. "I think at the end of the day, we're going to have to think about two different things. We're going to have to think about financing and we're going to have to think about funding."
Financing, which needs an immediate return, will work "relatively well" in more populated places where tolling and other options can pay it back, he said. On the other hand, funding will require the company to think about how to pay for and sustain it in the longer term.
"That's what's going to have to be done in the heartland of America where you still have significant needs, but not the type of return immediately that you'll see through financing," Nye said.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Martin Marietta as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.
You can view the full analysis from the report here: MLM