In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Martin Marietta Materials Inc. (NYSE:MLM) reported that Baillie Gifford & Co has picked up 3,068,922 of common stock as of 2017-03-10.
The acquisition brings the aggregate amount owned by Baillie Gifford & Co to a total of 3,068,922 representing 4.87% stake in the company.
For those not familiar with the company, Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Company conducts its Aggregates business through three segments: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia-based chemicals and dolomitic lime businesses. Its Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. Its Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.
A glance at Martin Marietta Materials Inc. (NYSE:MLM)’s key stats reveals a current market capitalization of 13.03 Billion based on 63.07 Million shares outstanding and a price at last close of $209.21 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-29, Zelnak picked up 15,000 at a purchase price of $150.16. This brings their total holding to 52,649 as of the date of the filing.
On the sell side, the most recent transaction saw Mcdonald unload 6,000 shares at a sale price of $219.78. This brings their total holding to 17,724.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Martin Marietta Materials Inc. (NYSE:MLM) as things move forward to see if its progress aligns with these transactions.
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