Martin Marietta Materials SVP Sells $976,299 in Stock (MLM)
Martin Marietta Materials (NYSE:MLM) SVP Roselyn R. Bar sold 7,730 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $126.30, for a total value of $976,299.00. Following the completion of the sale, the senior vice president now directly owns 31,081 shares in the company, valued at approximately $3,925,530. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Martin Marietta Materials (NYSE:MLM) traded down 0.33% on Tuesday, hitting $125.59. The stock had a trading volume of 578,753 shares. Martin Marietta Materials has a 1-year low of $94.01 and a 1-year high of $136.36. The stock’s 50-day moving average is $128.8 and its 200-day moving average is $123.5. The company has a market cap of $8.404 billion and a price-to-earnings ratio of 40.24.
Martin Marietta Materials (NYSE:MLM) last released its earnings data on Tuesday, July 29th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.03. The company had revenue of $669.20 million for the quarter, compared to the consensus estimate of $624.30 million. During the same quarter last year, the company posted $0.89 earnings per share. Martin Marietta Materials’s revenue was up 19.2% compared to the same quarter last year. Analysts expect that Martin Marietta Materials will post $3.84 EPS for the current fiscal year.
MLM has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Martin Marietta Materials from $135.00 to $146.00 in a research note on Thursday, July 31st. Separately, analysts at Jefferies Group cut their price target on shares of Martin Marietta Materials from $128.00 to $126.00 in a research note on Friday, July 18th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Martin Marietta Materials from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $134.00.
Martin Marietta Materials, Inc, is the producer of aggregates products (NYSE:MLM) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural, and chemical grade stone used in environmental applications.
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