Donald A. Mccunniff Sells 1,332 Shares of Martin Marietta Materials, Inc. (NYSE:MLM) Stock

Martin Marietta Materials, Inc. (NYSE:MLM) EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now directly owns 3,523 shares of the company’s stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Martin Marietta Materials Stock Down 0.4 %

Martin Marietta Materials stock traded down $1.74 during mid-day trading on Thursday, hitting $475.89. 310,741 shares of the company’s stock were exchanged, compared to its average volume of 446,441. Martin Marietta Materials, Inc. has a 1-year low of $447.21 and a 1-year high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $521.35 and a two-hundred day moving average of $544.16. The stock has a market cap of $29.02 billion, a P/E ratio of 14.73, a P/E/G ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is 9.77%.

Wall Street Analyst Weigh In

Several research firms have recently commented on MLM. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup reduced their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. Finally, HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $634.36.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH boosted its position in shares of Martin Marietta Materials by 14.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,508 shares of the construction company’s stock worth $785,000 after buying an additional 195 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $13,501,000. Integrated Advisors Network LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $208,000. Sunbeam Capital Management LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $235,000. Finally, Mackenzie Financial Corp raised its holdings in Martin Marietta Materials by 13.1% in the 4th quarter. Mackenzie Financial Corp now owns 8,150 shares of the construction company’s stock valued at $4,209,000 after acquiring an additional 942 shares during the period. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.