Bullish Options Activity on Martin Marietta Materials, Inc. Surges After Better Fundamentals

 Bullish Options Activity on Martin Marietta Materials, Inc. Surges After Better Fundamentals

In today’s session Martin Marietta Materials, Inc. (MLM) registered an unusually high (596) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MLM increase. With 596 contracts traded and 534 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MLM161118C00175000 closed last at: $5.7 or 3.6% up. About 58,548 shares traded hands. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 10.78% since March 9, 2016 and is uptrending. It has outperformed by 3.36% the S&P500.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on November, 1. They expect $2.86 earnings per share, up 40.20% or $0.82 from last year’s $2.04 per share. MLM’s profit will be $179.17 million for 14.75 P/E if the $2.86 EPS becomes a reality. After $1.90 actual earnings per share reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts 50.53% EPS growth.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Out of 5 analysts covering Martin Marietta (NYSE:MLM), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $220 is the highest target while $145 is the lowest. The $183.17 average target is 8.56% above today’s ($168.72) stock price. Martin Marietta has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, June 8. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, October 11. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Bank of America on Thursday, August 6. The stock has “Overweight” rating given by Alembic on Thursday, June 9. On Wednesday, August 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Longbow given on Friday, October 2.

According to Zacks Investment Research, “Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. The company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemicals products for industrial, agricultural and environmental uses, and dolomitic lime.”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.08, from 1.04 in 2016Q1. The ratio increased, as 35 funds sold all Martin Marietta Materials, Inc. shares owned while 144 reduced positions. 69 funds bought stakes while 132 increased positions. They now own 60.78 million shares or 9.44% less from 67.12 million shares in 2016Q1.
Winslow Evans Crocker Inc, a Massachusetts-based fund reported 1,826 shares. Amer Int Inc holds 22,928 shares or 0% of its portfolio. Jpmorgan Chase And owns 2.38M shares or 0.11% of their US portfolio. Blackrock last reported 0.04% of its portfolio in the stock. Castleark Mngmt Limited Liability Corp has invested 0.07% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Tower Rech Cap Ltd Liability Co (Trc) holds 415 shares or 0.01% of its portfolio. Adage Partners Limited Liability Corporation last reported 685,002 shares in the company. Goldman Sachs Grp Inc accumulated 0.06% or 921,605 shares. Liberty Mutual Group Asset Mgmt holds 4,704 shares or 0.03% of its portfolio. Bnp Paribas Arbitrage Sa, a New York-based fund reported 14,647 shares. Cap Guardian holds 65 shares or 0% of its portfolio. London Of Virginia holds 0.7% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 474,155 shares. Ls Inv Advisors Limited Liability Company holds 2,186 shares or 0.03% of its portfolio. Gotham Asset Mngmt Limited Liability accumulated 0.01% or 2,587 shares. Ulysses Management Limited Company has invested 0.84% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM).

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 11 sales for $14.66 million net activity. Guzzo Dana F. sold 213 shares worth $40,300. BAR ROSELYN R sold $1.38M worth of stock. 13,359 shares with value of $2.50M were sold by Nye C Howard on Thursday, May 12. Another trade for 17,000 shares valued at $3.19 million was sold by ZELNAK STEPHEN P JR. MAFFUCCI DAVID G had sold 6,779 shares worth $1.36 million. On Monday, May 16 LLOYD ANNE H sold $1.69M worth of the stock or 9,031 shares. $562,308 worth of Martin Marietta Materials, Inc. (NYSE:MLM) shares were sold by COLE SUE W.

Martin Marietta Materials, Inc. is a supplier of aggregates products for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The company has a market cap of $10.57 billion. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. It has a 30.07 P/E ratio. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group.

MLM Company Profile

Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia chemicals and dolomitic lime businesses. The Company’s Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Company’s Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.

More notable recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Bloomberg.com which released: “Martin Marietta Rises Most in Year on Materials Forecast” on February 09, 2016, also Barrons.com with their article: “Martin Marietta Materials Shares Have 35% Upside” published on March 05, 2016, Forbes.com published: “Ex-Dividend Reminder: Martin Marietta Materials, Compass Minerals …” on May 25, 2016. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) were released by: Nasdaq.com and their article: “Oversold Conditions For Martin Marietta Materials” published on September 01, 2016 as well as Nasdaq.com‘s news article titled: “Martin Marietta Materials, Inc. (MLM) Ex-Dividend Date Scheduled for August 30 …” with publication date: August 29, 2016.

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