Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Martin Marietta Materials ( MLM) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.3%. By the end of trading, Martin Marietta Materials rose $2.64 (2.6%) to $103.43 on heavy volume. Throughout the day, 934,336 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 444,000 shares. The stock ranged in a price between $100.30-$103.52 after having opened the day at $100.95 as compared to the previous trading day's close of $100.79. Other companies within the Industrial Goods sector that increased today were: MagneGas Corporation ( MNGA), up 50.8%, Ideal Power ( IPWR), up 22.3%, China BAK Battery ( CBAK), up 12.8% and Taser International ( TASR), up 12.7%.
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 $4.6 billion and is part of the materials & construction industry. The company has a P/E ratio of 42.9, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.