The stock of Martin Marietta Materials, Inc. (NYSE:MLM) is a huge mover today! The stock decreased 3.63% or $8.33 during the last trading session, hitting $220.85. About 1.68M shares traded hands or 58.49% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 38.60% since April 14, 2016 and is uptrending. It has outperformed by 33.92% the S&P500.
The move comes after 9 months negative chart setup for the $13.88B company. It was reported on Nov, 16 by Barchart.com. We have $203.18 PT which if reached, will make NYSE:MLM worth $1.11 billion less.
Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage
Out of 7 analysts covering Martin Marietta (NYSE:MLM), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Martin Marietta has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, October 11 report. On Thursday, June 9 the stock rating was initiated by Alembic with “Overweight”. Suntrust Robinson upgraded Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, October 26 to “Buy” rating. SunTrust upgraded the shares of MLM in a report on Wednesday, October 26 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 5 with “Buy”. The rating was upgraded by Longbow to “Buy” on Friday, October 2. The rating was maintained by Bank of America with “Buy” on Thursday, August 6. Goldman Sachs maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, June 8. Goldman Sachs has “Buy” rating and $209 price target.
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 improved, 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.
First Eagle Inv Management Ltd Liability Corporation has invested 0.68% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Caldwell And Orkin Inc holds 1.29% or 15,500 shares in its portfolio. Deutsche Commercial Bank Ag last reported 0.01% of its portfolio in the stock. Exane Derivatives accumulated 0% or 64,941 shares. Liberty Mutual Grp Asset Mgmt owns 4,704 shares or 0.03% of their US portfolio. Moreover, Commonwealth Bank Of Australia has 0% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 341 shares. Barometer Capital Incorporated owns 10,900 shares or 0.21% of their US portfolio. Plante Moran Fincl Advisors Limited Liability holds 0.34% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 2,464 shares. The Connecticut-based Iridian Asset Mgmt Ltd Ct has invested 0% in Martin Marietta Materials, Inc. (NYSE:MLM). Bartlett And Limited Liability has 0.04% invested in the company for 4,294 shares. Amici Capital Lc reported 14,639 shares or 0.53% of all its holdings. Tarbox Grp Inc last reported 12 shares in the company. Checchi Advisers Ltd Limited Liability Company has 0.02% invested in the company for 686 shares. Chapter Iv Lc reported 390,000 shares or 24.92% of all its holdings. Foundation Asset Mngmt Limited Partnership owns 108,311 shares or 6.92% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 10 sales for $10.24 million net activity. 2,313 shares with value of $528,132 were sold by BAR ROSELYN R on Friday, November 11. Nye C Howard also sold $1.95 million worth of Martin Marietta Materials, Inc. (NYSE:MLM) shares. $3.19M worth of Martin Marietta Materials, Inc. (NYSE:MLM) was sold by ZELNAK STEPHEN P JR. Guzzo Dana F. sold $542,735 worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, November 9. 2,929 shares with value of $658,271 were sold by LLOYD ANNE H on Wednesday, November 9. MAFFUCCI DAVID G had sold 6,779 shares worth $1.36 million on Wednesday, August 10. On Wednesday, November 9 the insider Grant Daniel L. sold $233,438.
Another recent and important Martin Marietta Materials, Inc. (NYSE:MLM) news was published by Nasdaq.com which published an article titled: “The Zacks Analyst Blog Highlights: D.R. Horton, Martin Marietta Materials …” on November 14, 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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