Martin Marietta Materials, Inc. (NYSE:MLM) Director Laree E. Perez sold 3,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total transaction of $642,000.00. Following the completion of the sale, the director now directly owns 16,751 shares in the company, valued at $3,584,714. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Martin Marietta Materials, Inc. (NYSE:MLM) opened at $216.25 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. The company has a market cap of $13,593.48, a PE ratio of 30.08, a price-to-earnings-growth ratio of 3.17 and a beta of 1.10. Martin Marietta Materials, Inc. has a one year low of $191.09 and a one year high of $244.32.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.46. The business had revenue of $911.30 million for the quarter, compared to the consensus estimate of $924.30 million. Martin Marietta Materials had a net margin of 17.99% and a return on equity of 10.85%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 8.53 earnings per share for the current fiscal year.
A number of analysts recently weighed in on MLM shares. SunTrust Banks reissued a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a research report on Friday, October 27th. DA Davidson reissued a “hold” rating and issued a $225.00 price objective on shares of Martin Marietta Materials in a research report on Friday, November 3rd. Barclays started coverage on shares of Martin Marietta Materials in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price objective on the stock. Stephens reissued a “hold” rating and issued a $250.00 price objective on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $243.25.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Martin Marietta Materials, Inc. (MLM) Director Sells 3,000 Shares of Stock” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/02/18/insider-selling-martin-marietta-materials-inc-mlm-director-sells-3000-shares-of-stock.html.
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.
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.