Martin Marietta Materials Inc (MLM): Dana F. Guzzo , SVP/Controller/CAO of Martin Marietta Materials Inc sold 213 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $189.20 per share for a total value of $40,299.60 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Anne H Lloyd (EVP and CFO) sold 9,031 shares at $186.76 per share price.On May 16, 2016, Sue W Cole (director) sold 3,000 shares at $187.44 per share price.Also, On May 13, 2016, C Howard Nye (Chairman, Pres & CEO) sold 13,359 shares at $186.95 per share price.On May 12, 2016, Stephen P Jr Zelnak (director) sold 10,953 shares at $187.14 per share price.
Martin Marietta Materials: On Friday, May 20, 2016 heightened volatility was witnessed in Martin Marietta Materials which led to swings in the share price. The shares opened for trading at $186.33 and hit $188.15 on the upside , eventually ending the session at $187.18, with a gain of 1.21% or 2.24 points. The heightened volatility saw the trading volume jump to 5,55,159 shares. The 52-week high of the share price is $189.76 and the company has a market cap of $11,891 M . The 52-week low of the share price is at $108.31.
Company has been under the radar of several Street Analysts.Martin Marietta Materials is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 193 from a previous price target of $181 .The Rating was issued on May 9, 2016.
Martin Marietta Materials Inc. is a supplier of aggregates products (crushed stone sand and gravel) and heavy building materials (cement) for the construction industry including infrastructure non-residential residential railroad ballast agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining processing and selling granite limestone sand gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.