Martin Marietta Materials Inc. (NYSE:MLM) SVP Dana F. Guzzo sold 2,389 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $227.18, for a total value of $542,733.02. Following the transaction, the senior vice president now owns 16,837 shares in the company, valued at approximately $3,825,029.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Martin Marietta Materials Inc. (NYSE:MLM) opened at 231.50 on Tuesday. The firm’s 50-day moving average is $184.76 and its 200-day moving average is $187.31. Martin Marietta Materials Inc. has a 1-year low of $108.31 and a 1-year high of $236.41. The firm has a market cap of $14.69 billion, a P/E ratio of 36.53 and a beta of 1.35.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, November 1st. The company reported $2.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by $0.08. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 9.95%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. On average, analysts anticipate that Martin Marietta Materials Inc. will post $7.14 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, November 29th. Martin Marietta Materials’s payout ratio is 26.50%.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Martin Marietta Materials by 1.5% in the second quarter. Vanguard Group Inc. now owns 5,793,679 shares of the company’s stock worth $1,112,385,000 after buying an additional 84,814 shares in the last quarter. State Street Corp boosted its stake in shares of Martin Marietta Materials by 0.7% in the second quarter. State Street Corp now owns 2,568,734 shares of the company’s stock worth $493,188,000 after buying an additional 17,761 shares in the last quarter. FMR LLC boosted its stake in shares of Martin Marietta Materials by 16.7% in the second quarter. FMR LLC now owns 2,362,045 shares of the company’s stock worth $453,512,000 after buying an additional 338,399 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Martin Marietta Materials by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,617,425 shares of the company’s stock worth $289,697,000 after buying an additional 12,992 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its stake in shares of Martin Marietta Materials by 53.4% in the second quarter. Egerton Capital UK LLP now owns 1,472,952 shares of the company’s stock worth $282,807,000 after buying an additional 512,574 shares in the last quarter. Hedge funds and other institutional investors own 96.36% of the company’s stock.

MLM has been the topic of several research analyst reports. SunTrust Banks Inc. upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a research note on Wednesday, October 26th. DA Davidson raised their price objective on shares of Martin Marietta Materials from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Jefferies Group restated a “hold” rating on shares of Martin Marietta Materials in a research note on Wednesday, August 31st. Zacks Investment Research downgraded shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. downgraded shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $210.00 to $202.00 in a research note on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $203.43.

About Martin Marietta Materials

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

Receive News & Stock Ratings for Martin Marietta Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials Inc. and related stocks with our FREE daily email newsletter.