Martin Marietta Materials, Inc. Has More Gas To Increase After Today’s Bullish Options Activity

 Martin Marietta Materials, Inc. Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Martin Marietta Materials, Inc. (MLM) registered an unusually high (128) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MLM increase. With 128 contracts traded and 3744 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MLM170120C00190000 closed last at: $8.9 or 20.5% down. About 282,664 shares traded hands. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 20.69% since April 5, 2016 and is uptrending. It has outperformed by 18.73% the S&P500.

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

Out of 7 analysts covering Martin Marietta (NYSE:MLM), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Martin Marietta has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Bank of America with “Buy” on Thursday, August 6. The rating was maintained by Goldman Sachs on Wednesday, June 8 with “Buy”. As per Thursday, June 9, the company rating was initiated by Alembic. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, October 11 report. The firm earned “Buy” rating on Wednesday, October 26 by Suntrust Robinson. The company was upgraded on Wednesday, October 26 by SunTrust. The firm has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus. Longbow upgraded the shares of MLM in a report on Friday, October 2 to “Buy” rating.

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 Q2 2016. 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.
New Jersey Better Educational Savings Trust last reported 4,000 shares in the company. Fiduciary Trust holds 0.01% or 1,451 shares in its portfolio. Plante Moran Fincl Advsrs holds 2,464 shares or 0.34% of its portfolio. Loomis Sayles Lp owns 43,075 shares or 0.02% of their US portfolio. Blackrock last reported 472,512 shares in the company. Caisse De Depot Et Placement Du Quebec last reported 0% of its portfolio in the stock. The Texas-based Sunbelt Secs has invested 0% in Martin Marietta Materials, Inc. (NYSE:MLM). Guggenheim Ltd Liability Corp accumulated 0.16% or 261,625 shares. Bokf Na last reported 2,459 shares in the company. Guardian Life Ins Of America has invested 0% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). First Trust Advsrs L P last reported 0.07% of its portfolio in the stock. Aperio Group Ltd Llc has invested 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Utah Retirement Systems accumulated 11,650 shares or 0.06% of the stock. Stratford Consulting Ltd Liability Corp owns 1,373 shares or 0.12% of their US portfolio. The Germany-based Deutsche Bancorp Ag has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM).

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 8 sales for $11.07 million net activity. The insider BAR ROSELYN R sold 5,830 shares worth $1.17M. MAFFUCCI DAVID G sold $1.36M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, August 10. ZELNAK STEPHEN P JR sold $3.19 million worth of stock. 13,359 Martin Marietta Materials, Inc. (NYSE:MLM) shares with value of $2.50M were sold by Nye C Howard. Guzzo Dana F. also sold $40,300 worth of Martin Marietta Materials, Inc. (NYSE:MLM) shares. LLOYD ANNE H had sold 9,031 shares worth $1.69 million on Monday, May 16. COLE SUE W sold $562,308 worth of stock or 3,000 shares.

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 $12.33 billion. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. It has a 31.05 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 important recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Businesswire.com which released: “Martin Marietta Delivers Record Third-Quarter Performance” on November 01, 2016, also Nasdaq.com published article titled: “Martin Marietta Misses Q3 Earnings and Sales Estimate”, Bloomberg.com published: “Martin Marietta Rises Most in Year on Materials Forecast” on February 09, 2016. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) was released by: Barrons.com and their article: “Martin Marietta Materials Shares Have 35% Upside” with publication date: March 05, 2016.

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