Martin Marietta Materials (MLM): Today's Featured Materials & Construction Loser

Martin Marietta Materials ( MLM) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day down 0.2%. By the end of trading, Martin Marietta Materials fell $1.14 (-1.4%) to $81.74 on average volume. Throughout the day, 720,288 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 552,500 shares. The stock ranged in price between $80.51-$83.55 after having opened the day at $81.52 as compared to the previous trading day's close of $82.88. Other company's within the Materials & Construction industry that declined today were: US Ecology ( ECOL), down 22.8%, TRC Companies ( TRR), down 11.3%, Great Lakes Dredge & Dock Corporation ( GLDD), down 6.8%, and Casella Waste Systems ( CWST), down 5.5%.

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. Martin Marietta Materials has a market cap of $3.81 billion and is part of the industrial goods sector. The company has a P/E ratio of 49.3, above the average materials & construction industry P/E ratio of 46.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Monday. Currently there are three analysts that rate Martin Marietta Materials a buy, one analyst rates it a sell, and nine rate it a hold.

TheStreet Ratings rates Martin Marietta Materials as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and poor profit margins.

On the positive front, Xinyuan Real Estate ( XIN), up 6.3%, Caesarstone Sdot-Yam ( CSTE), up 5.1%, Real Goods Solar ( RSOL), up 4.6%, and Foster Wheeler ( FWLT), up 4.3%, were all gainers within the materials & construction industry with Masco Corporation ( MAS) being today's featured materials & construction industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF ( XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd ( SBM).

null

More from Markets

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued