Martin Marietta Materials, Inc. (NYSE: MLM) on Tuesday, soared 0.97% from the previous trading day, before settling in for the closing price of $578.27. Within the past 52 weeks, MLM’s price has moved between $398.59 and $626.67.
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Annual sales at Basic Materials sector company grew by 9.95% over the past five years. The company achieved an average annual earnings per share of -6.76%. With a float of $60.68 million, this company’s outstanding shares have now reached $61.82 million.
Let’s look at the performance matrix of the company that is accounted for 9400 employees. In terms of profitability, gross margin is 29.45%, operating margin of 22.45%, and the pretax margin is 40.33%.
Martin Marietta Materials, Inc. (MLM) Insider Updates
Observing investor behavior towards Building Materials industry stocks is more important than anything else. The insider ownership of Martin Marietta Materials, Inc. is 0.71%, while institutional ownership is 99.54%. The most recent insider transaction that took place on Mar 14 ’24, was worth 6,032,900. In this transaction EVP, General Counsel and Secy of this company sold 10,000 shares at a rate of $603.29, taking the stock ownership to the 59,970 shares. Before that another transaction happened on Mar 05 ’24, when Company’s Chairman, Pres & CEO sold 15,000 for $604.26, making the entire transaction worth $9,063,900. This insider now owns 134,640 shares in total.
Martin Marietta Materials, Inc. (MLM) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 6.94 earnings per share (EPS) for the period topping the consensus outlook (set at 6.06) by 0.88. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -6.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.37% during the next five years compared to 21.06% growth over the previous five years of trading.
Martin Marietta Materials, Inc. (NYSE: MLM) Trading Performance Indicators
Martin Marietta Materials, Inc. (MLM) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.39. Likewise, its price to free cash flow for the trailing twelve months is 73.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 32.99, a number that is poised to hit 6.28 in the next quarter and is forecasted to reach 21.55 in one year’s time.
Technical Analysis of Martin Marietta Materials, Inc. (MLM)
Martin Marietta Materials, Inc. (NYSE: MLM) saw its 5-day average volume 0.4 million, a negative change from its year-to-date volume of 0.44 million. As of the previous 9 days, the stock’s Stochastic %D was 79.17%. Additionally, its Average True Range was 12.48.
During the past 100 days, Martin Marietta Materials, Inc.’s (MLM) raw stochastic average was set at 82.84%, which indicates a significant decrease from 99.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.82% in the past 14 days, which was lower than the 25.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $538.63, while its 200-day Moving Average is $558.33. Nevertheless, the first resistance level for the watch stands at $588.38 in the near term. At $592.89, the stock is likely to face the second major resistance level. The third major resistance level sits at $601.51. If the price goes on to break the first support level at $575.25, it is likely to go to the next support level at $566.63. Assuming the price breaks the second support level, the third support level stands at $562.12.
Martin Marietta Materials, Inc. (NYSE: MLM) Key Stats
Market capitalization of the company is 35.69 billion based on 61,117K outstanding shares. Right now, sales total 6,777 M and income totals 1,169 M. The company made 1,764 M in profit during its latest quarter, and 294,000 K in sales during its previous quarter.
