Martin Marietta Materials, Inc. (NYSE:MLM) Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction on Friday, August 18th. The shares were bought at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the acquisition, the director now owns 1,439 shares of the company’s stock, valued at approximately $285,454.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Martin Marietta Materials, Inc. (MLM) traded up 0.47% during trading on Friday, reaching $201.36. The company’s stock had a trading volume of 530,349 shares. Martin Marietta Materials, Inc. has a 12 month low of $167.06 and a 12 month high of $244.32. The company’s 50 day moving average price is $218.93 and its 200 day moving average price is $221.90. The firm has a market cap of $12.65 billion, a PE ratio of 28.98 and a beta of 1.14.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.38 by $0.13. The company had revenue of $996.30 million during the quarter, compared to analyst estimates of $1.01 billion. Martin Marietta Materials had a net margin of 11.19% and a return on equity of 10.69%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 EPS. On average, equities analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. National Pension Service boosted its stake in shares of Martin Marietta Materials by 6.2% in the first quarter. National Pension Service now owns 56,081 shares of the construction company’s stock valued at $11,864,000 after buying an additional 3,271 shares during the last quarter. Everence Capital Management Inc. boosted its stake in Martin Marietta Materials by 62.5% in the first quarter. Everence Capital Management Inc. now owns 2,886 shares of the construction company’s stock valued at $630,000 after buying an additional 1,110 shares in the last quarter. Boys Arnold & Co. Inc. boosted its stake in Martin Marietta Materials by 18.5% in the first quarter. Boys Arnold & Co. Inc. now owns 3,260 shares of the construction company’s stock valued at $711,000 after buying an additional 510 shares in the last quarter. Huntington National Bank boosted its stake in Martin Marietta Materials by 105.9% in the first quarter. Huntington National Bank now owns 2,491 shares of the construction company’s stock valued at $544,000 after buying an additional 1,281 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Martin Marietta Materials during the first quarter valued at approximately $822,000. 98.25% of the stock is owned by institutional investors.

MLM has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Stephens raised their target price on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, May 4th. Zacks Investment Research cut Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, BidaskClub upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $229.67.

Martin Marietta Materials Company Profile

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.

Insider Buying and Selling by Quarter for Martin Marietta Materials (NYSE:MLM)

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