Could Martin Marietta Materials, Inc. Change Direction After Today’s Bearish Options Activity?

 Could Martin Marietta Materials, Inc. Change Direction After Today's Bearish Options Activity?

In today’s session Martin Marietta Materials, Inc. (MLM) recorded an unusually high (301) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious MLM decrease. With 301 contracts traded and 2154 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: MLM170120P00195000 closed last at: $1.85 or 21.3% down. About 81,833 shares traded hands. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 31.43% since April 22, 2016 and is uptrending. It has outperformed by 26.02% the S&P500.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on February, 14. They expect $1.63 earnings per share, up 41.74% or $0.48 from last year’s $1.15 per share. MLM’s profit will be $104.80 million for 34.62 P/E if the $1.63 EPS becomes a reality. After $2.49 actual earnings per share reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -34.54% negative EPS growth.

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

Out of 8 analysts covering Martin Marietta (NYSE:MLM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Martin Marietta has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Suntrust Robinson on Wednesday, October 26. Goldman Sachs maintained the shares of MLM in a report on Wednesday, June 8 with “Buy” rating. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Thursday, August 6 by Bank of America. The rating was initiated by Alembic on Thursday, June 9 with “Overweight”. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by SunTrust on Wednesday, October 26. The firm earned “Buy” rating on Friday, October 2 by Longbow. The rating was downgraded by Goldman Sachs on Tuesday, October 11 to “Neutral”. The company was downgraded on Wednesday, November 16 by Bank of America. Stifel Nicolaus maintained the shares of MLM in a report on Wednesday, August 5 with “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 1.22 in Q2 2016. Its up 0.10, from 1.12 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.
Tru Department Mb Bancorporation N A holds 15 shares or 0% of its portfolio. Ameritas Ptnrs accumulated 0.02% or 1,257 shares. Cornerstone Capital Mngmt Limited Liability Corporation accumulated 0.05% or 32,318 shares. Tributary Cap Ltd Llc reported 6,300 shares or 0.18% of all its holdings. Mitsubishi Ufj Securities Hldgs Ltd holds 0.16% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 470 shares. Iridian Asset Mngmt Ltd Com Ct has invested 0% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Fca Tx reported 1,430 shares or 0.14% of all its holdings. The Illinois-based Deere And has invested 0.1% in Martin Marietta Materials, Inc. (NYSE:MLM). Cibc Inc accumulated 0% or 1,815 shares. First Advsrs Ltd Partnership holds 113,759 shares or 0.07% of its portfolio. Exxonmobil Management Tx last reported 16,444 shares in the company. The Michigan-based Comerica Bancorporation has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM). Hallmark Cap Mngmt Inc reported 3,964 shares or 0.12% of all its holdings. Vontobel Asset Mngmt Incorporated holds 1.48% or 915,109 shares in its portfolio. Texas Permanent School Fund, a Texas-based fund reported 20,611 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 selling transactions for $10.19 million net activity. Another trade for 2,389 shares valued at $542,735 was made by Guzzo Dana F. on Wednesday, November 9. Grant Daniel L. had sold 1,038 shares worth $233,438. ZELNAK STEPHEN P JR sold 17,000 shares worth $3.19 million. 5,830 Martin Marietta Materials, Inc. (NYSE:MLM) shares with value of $1.17 million were sold by BAR ROSELYN R. LLOYD ANNE H sold 2,929 shares worth $658,271. Nye C Howard also sold $1.95M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, November 9. Another trade for 6,779 shares valued at $1.36 million was made by MAFFUCCI DAVID G on Wednesday, August 10.

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 $14.51 billion. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. It has a 35.49 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.

Another recent and important Martin Marietta Materials, Inc. (NYSE:MLM) news was published by Nasdaq.com which published an article titled: “The Zacks Analyst Blog Highlights: D.R. Horton, Martin Marietta Materials …” on November 14, 2016.

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