A substantial insider sell was reported on March 15, by Roselyn R Bar, EVP at Martin Marietta Materials (NYSE:MLM), based on the recent SEC filing.
What Happened: Bar's decision to sell 10,000 shares of Martin Marietta Materials was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The total value of the sale is $6,032,900.
Martin Marietta Materials's shares are actively trading at $600.01, experiencing a down of 1.08% during Friday's morning session.
Discovering Martin Marietta Materials: A Closer Look
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 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.
Breaking Down Martin Marietta Materials's Financial Performance
Revenue Growth: Martin Marietta Materials displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.92%. This indicates a ...