Revenue Update on Martin Marietta Materials(NYSE:MLM)

Martin Marietta Materials(NYSE:MLM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $1.55.

Martin Marietta Materials (MLM) shares turned negative on Wednesdays trading session with the shares closing down -1.04 points or -0.47% at a volume of 7,49,239. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $221.37. The peak price level was also seen at $221.37 while the days lowest was $218.72. Finally the shares closed at $218.94. The 52-week high of the shares is $243.98 while the 52-week low is $135.9317. According to the latest information available, the market cap of the company is $13,895 M.

Several Insider Transactions has been reported to the SEC. On Dec 12, 2016, Donald A. Mccunniff (SVP – Human Resources) sold 1,503 shares at $228.98 per share price.Also, On Dec 12, 2016, Anne H Lloyd (EVP and CFO) sold 498 shares at $229.18 per share price.On Nov 14, 2016, Roselyn R Bar (EVP, General Counsel and Secy) sold 2,313 shares at $228.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Martin Marietta Materials Inc. is a supplier of aggregates products (crushed stone sand and gravel) and heavy building materials (cement) for the construction industry including infrastructure non-residential residential railroad ballast agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business Cement Business and Magnesia Specialties Business. 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 such as masonry and oil well cements. The Company’s Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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