Martin Marietta Materials Inc. (NYSE:MLM) SVP Daniel L. Grant sold 1,038 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $224.89, for a total value of $233,435.82. Following the transaction, the senior vice president now directly owns 12,609 shares of the company’s stock, valued at approximately $2,835,638.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Martin Marietta Materials Inc. (NYSE:MLM) opened at 229.74 on Monday. Martin Marietta Materials Inc. has a 52-week low of $108.31 and a 52-week high of $235.40. The firm’s 50-day moving average price is $184.76 and its 200-day moving average price is $187.31. The stock has a market cap of $14.58 billion, a P/E ratio of 36.25 and a beta of 1.35.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by $0.08. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 9.95%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company posted $2.04 EPS. Martin Marietta Materials’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Martin Marietta Materials Inc. will post $7.14 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Martin Marietta Materials (NYSE:MLM)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.73%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 26.50%.

Several large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Martin Marietta Materials by 1.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 530 shares of the company’s stock worth $101,000 after buying an additional 5 shares during the period. FineMark National Bank & Trust increased its stake in shares of Martin Marietta Materials by 96.8% in the third quarter. FineMark National Bank & Trust now owns 610 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Martin Marietta Materials by 5.9% in the second quarter. Checchi Capital Advisers LLC now owns 686 shares of the company’s stock worth $132,000 after buying an additional 38 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of Martin Marietta Materials by 1,196.3% in the second quarter. BlueMountain Capital Management LLC now owns 700 shares of the company’s stock worth $134,000 after buying an additional 646 shares during the period. Finally, Bessemer Group Inc. bought a new stake in shares of Martin Marietta Materials during the second quarter worth approximately $134,000. Institutional investors own 96.36% of the company’s stock.

A number of brokerages have recently commented on MLM. Goldman Sachs Group Inc. downgraded Martin Marietta Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $210.00 to $202.00 in a research report on Tuesday, October 11th. Jefferies Group reaffirmed a “hold” rating on shares of Martin Marietta Materials in a research report on Monday, August 1st. DA Davidson reaffirmed a “hold” rating and issued a $210.00 price objective on shares of Martin Marietta Materials in a research report on Sunday, October 9th. Zacks Investment Research raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating and set a $227.00 price objective for the company in a research report on Monday, July 18th. Finally, SunTrust Banks Inc. raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price objective for the company in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Martin Marietta Materials has a consensus rating of “Hold” and an average target price of $203.43.

Martin Marietta Materials Company Profile

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.

5 Day Chart for NYSE:MLM

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