Martin Marietta Materials Inc. (NYSE:MLM) EVP Roselyn R. Bar sold 2,313 shares of Martin Marietta Materials stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $228.33, for a total transaction of $528,127.29. Following the transaction, the executive vice president now directly owns 46,032 shares in the company, valued at $10,510,486.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Martin Marietta Materials Inc. (NYSE:MLM) opened at 229.18 on Wednesday. The company has a 50 day moving average of $184.76 and a 200-day moving average of $187.31. The firm has a market cap of $14.55 billion, a PE ratio of 36.17 and a beta of 1.35. Martin Marietta Materials Inc. has a one year low of $108.31 and a one year high of $235.40.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, November 1st. The company reported $2.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.57 by $0.08. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 9.95%. Martin Marietta Materials’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $2.04 earnings per share. On average, equities research analysts predict that Martin Marietta Materials Inc. will post $7.14 earnings per share for the current 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 issued a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.68 dividend on an annualized basis and a yield of 0.73%. Martin Marietta Materials’s dividend payout ratio (DPR) is 26.50%.

A number of brokerages have weighed in on MLM. DA Davidson lifted their price target on shares of Martin Marietta Materials from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Jefferies Group reiterated a “hold” rating on shares of Martin Marietta Materials in a research report on Monday, August 1st. SunTrust Banks Inc. upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price target for the company in a research report on Wednesday, October 26th. Finally, Goldman Sachs Group Inc. cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and dropped their price target for the company from $210.00 to $202.00 in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Martin Marietta Materials currently has an average rating of “Hold” and an average target price of $203.43.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cookson Peirce & Co. Inc. raised its position in Martin Marietta Materials by 26.2% in the third quarter. Cookson Peirce & Co. Inc. now owns 81,585 shares of the company’s stock worth $14,613,000 after buying an additional 16,915 shares during the period. Credit Suisse AG raised its position in Martin Marietta Materials by 13.8% in the third quarter. Credit Suisse AG now owns 102,079 shares of the company’s stock worth $18,283,000 after buying an additional 12,359 shares during the period. Candriam Luxembourg S.C.A. raised its position in Martin Marietta Materials by 31.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 3,131 shares of the company’s stock worth $561,000 after buying an additional 745 shares during the period. Tributary Capital Management LLC raised its position in Martin Marietta Materials by 117.5% in the third quarter. Tributary Capital Management LLC now owns 13,700 shares of the company’s stock worth $2,454,000 after buying an additional 7,400 shares during the period. Finally, Cetera Advisor Networks LLC raised its position in Martin Marietta Materials by 68.5% in the third quarter. Cetera Advisor Networks LLC now owns 1,800 shares of the company’s stock worth $322,000 after buying an additional 732 shares during the period. Institutional investors own 96.36% of the company’s stock.

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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