Shares of Martin Marietta Materials Inc. (NYSE:MLM) traded at a new 52-week high today of $413.50. So far today approximately 115,000 shares have been exchanged, as compared to an average 30-day volume of 351,000 shares.
Martin Marietta Materials Inc. (NYSE:MLM) is currently priced 10.4% above its average consensus analyst price target of $366.97.
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.
In the past 52 weeks, shares of Martin Marietta Materials Inc. have traded between a low of $239.70 and a high of $413.50 and is now at $409.64, which is 71% above that low price.
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