Martin Marietta Materials (MLM) : During the past 4 weeks, traders have been relatively bearish on Martin Marietta Materials (MLM), hence the stock is down -1.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.99% relative to the S&P 500. The 4-week change in the price of the stock is -0.56% and the stock has fallen -0.93% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 1.97%. Martin Marietta Materials (NYSE:MLM): On Fridays trading session , Opening price of the stock was $198.96 with an intraday high of $199.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $195.86. However, the stock managed to close at $196.46, a loss of 1.05% for the day. On the previous day, the stock had closed at $198.54. The total traded volume of the day was 510,882 shares.
The company Insiders own 1.06% of Martin Marietta Materials shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.83% . Institutional Investors own 99.05% of Martin Marietta Materials shares. During last six month period, the net percent change held by insiders has seen a change of -23.83%. Also, Goldman Sachs maintains its view on Martin Marietta Materials (NYSE:MLM) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs raises the price target from $191 per share to $209 per share on Martin Marietta Materials . The rating by the firm was issued on June 8, 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.