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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Martin Marietta Materials ( MLM) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 2.2%. By the end of trading, Martin Marietta Materials rose $1.18 (1.1%) to $112.09 on average volume. Throughout the day, 457,578 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 417,000 shares. The stock ranged in a price between $110.63-$112.30 after having opened the day at $110.64 as compared to the previous trading day's close of $110.91. Other companies within the Materials & Construction industry that increased today were: American Mold Guard Incorporated ( AMGI), up 200.0%, Real Goods Solar ( RSOL), up 50.9%, Foster Wheeler ( FWLT), up 8.9% and India Globalization Capital ( IGC), up 7.9%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $5.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 54.4, above the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Martin Marietta Materials a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Martin Marietta Materials as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, solid stock price performance 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.

On the negative front, Comstock ( CHCI), down 8.7%, Empresas ICA S.A.B. de C.V ( ICA), down 7.5%, Perma-Fix Environmental Services ( PESI), down 5.1% and James Hardie Industries ( JHX), down 2.9% , were all laggards within the materials & construction industry with Cemex S.A.B. de C.V ( CX) being today's materials & construction industry laggard.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Faster Rebuild After Harvey; Micron Tech Breakout Would Be a Win: Best of Cramer

Cramer: Rebuilding After Hurricane Harvey Will Be Faster Than After Katrina

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)

14 Stocks That Could Skyrocket From Trump's Border Wall With Mexico

10 Best-Performing Stocks in the Dow: Cramer's 'Mad Money' Recap (Thursday 8/3/17)