Martin Marietta Materials (NYSE:MLM) : 7 analysts are covering Martin Marietta Materials (NYSE:MLM) and their average rating on the stock is 1.86, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Martin Marietta Materials (NYSE:MLM) : The highest level Martin Marietta Materials (NYSE:MLM) is projected to reach is $205 for the short term and the lowest estimate is at $166. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $189.43 and the possibility the share price can swing is $15.56.
For the current week, the company shares have a recommendation consensus of Buy.
Martin Marietta Materials (NYSE:MLM): stock turned positive on Tuesday. Though the stock opened at $181.49, the bulls momentum made the stock top out at $183.37 level for the day. The stock recorded a low of $179.21 and closed the trading day at $180.87, in the green by 0.91%. The total traded volume for the day was 787,456. The stock had closed at $179.24 in the previous days trading.
In an insider trading activity,The director of Martin Marietta Materials Inc, Zelnak Stephen P Jr sold 3,000 shares at $188.9 on June 8, 2016. The Insider selling transaction had a total value worth of $566,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.