Martin Marietta Stock Hits New 52-Week Low (MLM)

NEW YORK ( TheStreet) -- Martin Marietta Materials (NYSE: MLM) hit a new 52-week low Monday as it is currently trading at $60.60, below its previous 52-week low of $60.80 with 312,036 shares traded as of 1:40 p.m. ET. Average volume has been 639,300 shares over the past 30 days.

Martin Marietta has a market cap of $3 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 31.5% year to date as of the close of trading on Friday.

Martin Marietta Materials, Inc., together with its subsidiaries, engages in the production and sale of aggregates for the construction industry primarily in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 35.8, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Martin Marietta as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and a generally disappointing performance in the stock itself. You can view the full Martin Marietta Ratings Report.

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