Martin Marietta Materials Inc (MLM): Sue W Cole , director of Martin Marietta Materials Inc sold 3,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $187.44 per share for a total value of $562,308.31 , 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 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.Also, On May 12, 2016, Roselyn R Bar (EVP, General Counsel and Secy) sold 7,342 shares at $187.97 per share price.On May 12, 2016, Dana F. Guzzo (SVP/Controller/CAO) sold 879 shares at $187.64 per share price.
Shares of Martin Marietta Materials (MLM) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -2.02 points or -1.08% at $184.75 with 9,23,271 shares getting traded. Post opening the session at $186.43, the shares hit an intraday low of $183.75 and an intraday high of $188.275 and the price vacillated in this range throughout the day. The company has a market cap of $11,737 M and the number of outstanding shares has been calculated to be 6,35,27,166 shares. The 52-week high of Martin Marietta Materials is $189.76 and the 52-week low is $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.