Trade-Ideas LLC identified Martin Marietta Materials ( MLM) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Martin Marietta Materials as such a stock due to the following factors:

  • MLM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $181.6 million.
  • MLM has traded 51,933 shares today.
  • MLM is trading at a new lifetime high.

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More details on MLM:

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. The stock currently has a dividend yield of 0.9%. MLM has a PE ratio of 38. Currently there are 4 analysts that rate Martin Marietta Materials a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Martin Marietta Materials has been 750,900 shares per day over the past 30 days. Martin Marietta has a market cap of $11.7 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 1.14 and a short float of 7.2% with 4.79 days to cover. Shares are up 37% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Martin Marietta Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • MARTIN MARIETTA MATERIALS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MARTIN MARIETTA MATERIALS increased its bottom line by earning $4.29 versus $2.53 in the prior year. This year, the market expects an improvement in earnings ($7.31 versus $4.29).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction Materials industry. The net income increased by 634.5% when compared to the same quarter one year prior, rising from $6.13 million to $44.99 million.
  • MLM's revenue growth trails the industry average of 31.1%. Since the same quarter one year prior, revenues rose by 14.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has significantly increased by 90.77% to $67.01 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 76.86%.

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