Martin Marietta Materials Inc. (NYSE:MLM) announced a quarterly dividend on Friday, November 11th. Investors of record on Thursday, December 1st will be given a dividend of 0.42 per share on Friday, December 30th. This represents a $1.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 29th.

Shares of Martin Marietta Materials (NYSE:MLM) opened at 224.22 on Thursday. The company’s 50 day moving average price is $194.29 and its 200 day moving average price is $190.37. Martin Marietta Materials has a 12-month low of $108.31 and a 12-month high of $236.41. The firm has a market cap of $14.23 billion, a P/E ratio of 35.38 and a beta of 1.35.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by $0.08. The company earned $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Martin Marietta Materials had a return on equity of 9.95% and a net margin of 11.03%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.04 EPS. Equities research analysts forecast that Martin Marietta Materials will post $7.14 EPS for the current year.

Dividend History for Martin Marietta Materials (NYSE:MLM)

MLM has been the topic of a number of research reports. Bank of America Corp. cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. They noted that the move was a valuation call. DA Davidson reaffirmed a “hold” rating and issued a $210.00 price target on shares of Martin Marietta Materials in a report on Sunday, October 9th. SunTrust Banks Inc. raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price target on the stock in a report on Wednesday, October 26th. Goldman Sachs Group Inc. cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and lowered their target price for the company from $210.00 to $202.00 in a report on Tuesday, October 11th. Finally, Zacks Investment Research cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Martin Marietta Materials currently has a consensus rating of “Hold” and an average price target of $203.43.

In other news, SVP Daniel L. Grant sold 1,038 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $224.89, for a total value of $233,435.82. Following the transaction, the senior vice president now owns 12,609 shares of the company’s stock, valued at $2,835,638.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Roselyn R. Bar sold 2,313 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $228.33, for a total transaction of $528,127.29. Following the completion of the transaction, the executive vice president now directly owns 46,032 shares in the company, valued at approximately $10,510,486.56. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in Martin Marietta Materials by 1.5% in the second quarter. Pacer Advisors Inc. now owns 1,118 shares of the company’s stock valued at $215,000 after buying an additional 17 shares during the last quarter. Profund Advisors LLC boosted its position in Martin Marietta Materials by 5.1% in the third quarter. Profund Advisors LLC now owns 1,922 shares of the company’s stock valued at $344,000 after buying an additional 94 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Martin Marietta Materials by 0.3% in the second quarter. Pictet Asset Management Ltd. now owns 32,371 shares of the company’s stock valued at $6,119,000 after buying an additional 100 shares during the last quarter. Raymond James & Associates boosted its position in Martin Marietta Materials by 1.3% in the second quarter. Raymond James & Associates now owns 14,742 shares of the company’s stock valued at $2,831,000 after buying an additional 182 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in Martin Marietta Materials by 1,196.3% in the second quarter. BlueMountain Capital Management LLC now owns 700 shares of the company’s stock valued at $134,000 after buying an additional 646 shares during the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

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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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