Shares of Martin Marietta Materials Inc. (NYSE:MLM) traded today at $415.07, eclipsing its 52-week high. Approximately 118,000 shares have changed hands today, as compared to an average 30-day volume of 356,000 shares.
Martin Marietta Materials is one of the United States’ largest producer of construction aggregates (crushed stone, sand, and gravel). In 2020, Martin Marietta sold 187 million tons of aggregates. Martin Marietta’s most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin’s magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
Martin Marietta Materials Inc. share prices have moved between a 52-week high of $415.07 and a 52-week low of $239.70 and are now trading 73% above that low price at $414.70 per share.
Martin Marietta Materials Inc. (NYSE:MLM) defies analysts with a current price ($414.70) 7.6% above its average consensus price target of $383.13.
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