Martin Marietta Materials, Inc (NYSE: MLM) is 6.66% higher on its value in year-to-date trading and has touched a low of $479.67 and a high of $633.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MLM stock was last observed hovering at around $531.78 in the last trading session, with the day’s gains setting it 1.4%.
Currently trading at $533.18, the stock is -5.45% and -7.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.26% at the moment leaves the stock -5.88% off its SMA200. MLM registered 7.20% gain for a year compared to 6-month gain of -0.66%. The firm has a 50-day simple moving average (SMA 50) of $578.5286 and a 200-day simple moving average (SMA200) of $566.795.
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The stock witnessed a -10.99% loss in the last 1 month and extending the period to 3 months gives it a -0.72%, and is -2.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.54% over the week and 2.00% over the month.
Martin Marietta Materials, Inc (MLM) has around 9400 employees, a market worth around $32.59B and $6.51B in sales. Current P/E ratio is 16.56 and Fwd P/E is 25.54. Profit margin for the company is 30.55%. Distance from 52-week low is 11.16% and -15.80% from its 52-week high. The company has generated returns on investments over the last 12 months (14.79%).
with sales reaching $1.65B over the same period.The EPS is expected to shrink by -10.15% this year, but quarterly earnings will post -3.16% year-over-year. Quarterly sales are estimated to grow 2.89% in year-over-year returns.
Martin Marietta Materials, Inc (MLM) Top Institutional Holders
1275.0 institutions hold shares in Martin Marietta Materials, Inc (MLM), with institutional investors hold 101.75% of the company’s shares. The shares outstanding are 61.12M, and float is at 60.16M with Short Float at 2.59%. Institutions hold 101.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.16 million shares valued at $3.88 billion. The investor’s holdings represent 11.5905% of the MLM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.14 million shares valued at $2.24 billion to account for 6.7005 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 2.83 million shares representing 4.5782% and valued at over $1.53 billion, while STATE STREET CORP holds 4.4519 of the shares totaling 2.75 million with a market value of $1.49 billion.
Martin Marietta Materials, Inc (MLM) Insider Activity
The most recent transaction is an insider sale by BAR ROSELYN R, the company’s EVP, General Counsel and Secy. SEC filings show that BAR ROSELYN R sold 10,000 shares of the company’s common stock on Mar 14 ’24 at a price of $603.29 per share for a total of $6.03 million. Following the sale, the insider now owns 59970.0 shares.
Martin Marietta Materials, Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Nye C Howard (Chairman, Pres & CEO) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $604.26 per share for $9.06 million. Following the transaction, the insider now directly holds 0.13 million shares of the MLM stock.
Still, SEC filings show that on Mar 05 ’24, Nye C Howard (Chairman, Pres & CEO) disposed off 5,000 shares at an average price of $604.26 for $3.02 million. The insider now directly holds 70,400 shares of Martin Marietta Materials, Inc (MLM).
