Monitor The Insider Activity Of Martin Marietta Materials Inc. (MLM)


As of Wednesday close, Martin Marietta Materials Inc.’s (NYSE:MLM) stock was up $0.67, moving up 0.18 percent to $365.32. The average number of shares traded per day over the past five days has been 281,900 shares. 5 times new highs have been achieved over the past 5 days, with a $9.47 gain in that time frame. In the last twenty days, the average volume was 384,205, while in the previous 50 days, it was 400,368.

Since last month, MLM stock rose 9.77%. Shares of the company fell to $313.57 on 10/24/22, the lowest level in the past month. A 52-week high of $446.46 was reached on 01/04/22 after having rallying from a 52-week low of $284.99. Since the beginning of this year, MLM’s stock price has dropped by -17.07% or -$75.20, and marked a new high 2 times. However, the stock has declined by -18.17% since its 52-week high.

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MLM stock investors should be aware that Martin Marietta Materials Inc. (MLM) stock had its last reported insider trading activity 6 days ago on Nov 18. COLE SUE W, the Director of the company, disposed of 1,685 shares for $355.61 on Nov 18. It resulted in a $599,196 divestment by the insider. Mohr John P sold 0 shares at an average price of $321.75 on Jun 10. The insider now owns 14,826 shares following the transaction.

Valuation Metrics

Right now, Martin Marietta Materials Inc. (MLM) has a P/E ratio of about 27.69. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 3.28, and the price-to-cash flow ratio of 63.59 may also be considered.

The latest dividend of $0.66 per share was paid out, remained unchanged from last year’s $0.66. On Wednesday August 10 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended June 29, Martin Marietta Materials Inc.’s quick ratio stood at 1.40, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.63, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 22.90% percent. In the year ended June 29, operating margins totaled 18.70%. Based on annual data, MLM earned $1.35 billion in gross profit and brought in $5.41 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.90%. Return on equity (ROE) for the past 12 months was 12.60%.

In Martin Marietta Materials Inc.’s quarter-end financial report for June 29, it reported total debt of $4.34 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MLM’s revenue rose 14.04% to $1.64 billion during the quarter, while net income inched up to $1.81 billion. While analysts expected Martin Marietta Materials Inc. to report $3.74 quarterly earnings, the actual figure was $3.96 per share, beating the consensus estimate by 5.90%. During the quarter, the company generated $529.6 million in EBITDA. The liabilities of Martin Marietta Materials Inc. were 7.79 billion at the end of its most recent quarter ended June 29, and its total debt was $5.46 billion. The value of shareholders’ equity is $62.09 million.

Technical Picture

This quick technical analysis looks at Martin Marietta Materials Inc.’s (MLM) price momentum. With a historical volatility rate of 20.86%, the RSI 9-day stood at 68.06% on 23 November.

With respect to its five-day moving average, the current Martin Marietta Materials Inc. price is up by +2.66% percent or $9.47. At present, MLM shares trade +10.39% above its 20-day simple moving average and +21.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.91% above its SMA50 and -3.71% below its SMA200.

Stochastic coefficient K was 82.45% and Stochastic coefficient D was 76.65%, while ATR was 9.49. Given the Stochastic reading of 85.24% for the 14-day period, the RSI (14) reading has been calculated as 64.19%. As of today, the MACD Oscillator reading stands at 4.81, while the 14-day reading stands at 9.49.

Analyst Ratings

Exane BNP Paribas upgraded its rating on Martin Marietta Materials Inc. (NYSE: MLM) to an Outperform in a note to investors on September 20, 2022. The analysts firm previously had a Neutral rating on the stock.Martin Marietta Materials Inc. (MLM) has been rated Overweight by analysts. According to 0 brokerage firms, MLM is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Martin Marietta Materials Inc. stock as buy, with 13 recommending it as overweight.

With a median target price of $404.50, the current consensus forecast for the stock is $350.00 – $480.00. Based on these forecasts, analysts predict Martin Marietta Materials Inc. (MLM) will achieve an average price target of $402.10.


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