Martin Marietta Materials, Inc. (NYSE:MLM) Director Sue W. Cole sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $210.06, for a total value of $630,180.00. Following the transaction, the director now directly owns 24,145 shares in the company, valued at approximately $5,071,898.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at $210.32 on Wednesday. Martin Marietta Materials, Inc. has a 1-year low of $191.09 and a 1-year high of $244.32. The stock has a market capitalization of $13,171.05, a P/E ratio of 29.17, a PEG ratio of 3.01 and a beta of 1.17. The company has a current ratio of 3.79, a quick ratio of 2.93 and a debt-to-equity ratio of 0.58.
Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. The company had revenue of $911.30 million during the quarter, compared to analysts’ expectations of $924.30 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. equities research analysts expect that Martin Marietta Materials, Inc. will post 8.62 EPS for the current year.
A number of equities analysts have weighed in on the company. Alembic Global Advisors reissued a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks reissued a “buy” rating and set a $245.00 price target on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Citigroup boosted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Stephens reissued a “hold” rating and set a $250.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and a consensus price target of $243.25.
Several large investors have recently modified their holdings of the company. Chemical Bank boosted its stake in shares of Martin Marietta Materials by 6.9% in the fourth quarter. Chemical Bank now owns 9,460 shares of the construction company’s stock valued at $2,091,000 after buying an additional 609 shares during the period. Ackerman Capital Advisors LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $301,000. Colonial Trust Advisors boosted its stake in shares of Martin Marietta Materials by 100.0% in the fourth quarter. Colonial Trust Advisors now owns 23,370 shares of the construction company’s stock valued at $5,166,000 after buying an additional 11,685 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Martin Marietta Materials by 7.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 9,734 shares of the construction company’s stock valued at $2,152,000 after buying an additional 688 shares during the period. Finally, Handelsbanken Fonder AB bought a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $7,549,000. Institutional investors own 99.32% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2018/03/14/martin-marietta-materials-inc-mlm-director-sue-w-cole-sells-3000-shares.html.
About Martin Marietta Materials
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.