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 up 1.4%. By the end of trading, Martin Marietta Materials fell 61 cents (-0.9%) to $64.56 on average volume. Throughout the day, 564,357 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 548,800 shares. The stock ranged in price between $64.54-$65.57 after having opened the day at $64.83 as compared to the previous trading day's close of $65.17. Other company's within the Materials & Construction industry that declined today were: Fastenal Company ( FAST), down 9.8%, Comstock Homebuilding Companies ( CHCI), down 5%, Sharps Compliance Corporation ( SMED), down 3.3%, and Real Goods Solar ( RSOL), down 2.5%.

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 $3.01 billion and is part of the industrial goods sector. The company has a P/E ratio of 52.7, above the average materials & construction industry P/E ratio of 48.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Monday. Currently there are two analysts that rate Martin Marietta Materials a buy, no analysts rate it a sell, and 11 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 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, deteriorating net income and premium valuation.

On the positive front, India Globalization Capital ( IGC), up 19.1%, Lennar Corporation ( LEN.B), up 7.6%, USG ( USG), up 6.8%, and Lennar Corporation ( LEN), up 6.7%, 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).
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