Stock Worth Watching: Martin Marietta Materials, Inc. Can’t Burn Your Short Portfolio. Has Another Weak Session

Stock Worth Watching: Martin Marietta Materials, Inc. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Martin Marietta Materials, Inc. (NYSE:MLM) is a huge mover today! The stock decreased 1.86% or $3.39 during the last trading session, hitting $179.11. About 1.12M shares traded hands or 65.40% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 25.59% since February 29, 2016 and is uptrending. It has outperformed by 15.16% the S&P500.
The move comes after 8 months negative chart setup for the $11.20B company. It was reported on Oct, 1 by Barchart.com. We have $162.99 PT which if reached, will make NYSE:MLM worth $1.01B less.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on November, 1. They expect $2.86 EPS, up 40.20% or $0.82 from last year’s $2.04 per share. MLM’s profit will be $178.84M for 15.66 P/E if the $2.86 EPS becomes a reality. After $1.90 actual EPS reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts 50.53% EPS growth.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Out of 5 analysts covering Martin Marietta (NYSE:MLM), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Martin Marietta has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Wednesday, June 8 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 5. The company was maintained on Thursday, August 6 by Bank of America. Alembic initiated the shares of MLM in a report on Thursday, June 9 with “Overweight” rating. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Friday, October 2 by Longbow.

According to Zacks Investment Research, “Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. The company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemicals products for industrial, agricultural and environmental uses, and dolomitic lime.”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.08, from 1.04 in 2016Q1. The ratio is positive, as 35 funds sold all Martin Marietta Materials, Inc. shares owned while 144 reduced positions. 69 funds bought stakes while 132 increased positions. They now own 60.78 million shares or 9.44% less from 67.12 million shares in 2016Q1.
Moreover, Douglass Winthrop Advisors Ltd Liability Corporation has 0.29% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 24,286 shares. The New York-based Sg Americas Secs Ltd Llc has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Millennium Ltd Limited Liability Company holds 5,138 shares or 0% of its portfolio. Veritable L P reported 17,659 shares or 0.09% of all its holdings. The Massachusetts-based Frontier Cap Com Limited Com has invested 0.47% in Martin Marietta Materials, Inc. (NYSE:MLM). Seatown Holding Pte Ltd accumulated 43,000 shares or 2.55% of the stock. Mizuho Asset Mgmt Coltd last reported 809 shares in the company. Meeder Asset Mgmt, a Ohio-based fund reported 3,041 shares. Korea Inv Corp owns 9,900 shares or 0.01% of their US portfolio. Gareth Morgan Ltd Partnership last reported 56,317 shares in the company. Ls Advsr Ltd Liability Corp has 2,186 shares for 0.03% of their US portfolio. Strs Ohio holds 0.05% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 59,357 shares. Pnc Services holds 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 30,909 shares. Bamco Ny reported 156,232 shares or 0.16% of all its holdings. Gulf Comml Bank (Uk) has 0.06% invested in the company for 19,375 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 11 selling transactions for $14.66 million net activity. Shares for $1.17 million were sold by BAR ROSELYN R on Tuesday, August 9. 6,779 Martin Marietta Materials, Inc. (NYSE:MLM) shares with value of $1.36 million were sold by MAFFUCCI DAVID G. Guzzo Dana F. had sold 213 shares worth $40,300 on Monday, May 23. ZELNAK STEPHEN P JR sold 17,000 shares worth $3.19 million. Nye C Howard sold 13,359 shares worth $2.50M. COLE SUE W sold $562,308 worth of stock or 3,000 shares. Another trade for 9,031 shares valued at $1.69M was sold by LLOYD ANNE H.

More notable recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Wsj.com which released: “Martin Marietta Materials Earnings Miss Expectations” on November 03, 2015, also Bloomberg.com with their article: “Martin Marietta Rises Most in Year on Materials Forecast” published on February 09, 2016, Barrons.com published: “Martin Marietta Materials Shares Have 35% Upside” on March 05, 2016. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Martin Marietta Materials, Agnico Eagle Mines and …” published on August 26, 2016 as well as Moodys.com‘s news article titled: “Moody’s revises Martin Marietta’s (CFR Ba1) rating outlook to positive from stable” with publication date: May 03, 2016.

MLM Company Profile

Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia chemicals and dolomitic lime businesses. The Company’s Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Company’s Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.

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