Martin Marietta Materials, Inc. (NYSE:MLM) EVP Sells $632,700.00 in Stock

Martin Marietta Materials, Inc. (NYSE:MLM) EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value 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. This represents a 27.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $476.02 on Friday. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The business has a 50-day moving average of $520.23 and a 200 day moving average of $543.69. Martin Marietta Materials, Inc. has a 12 month low of $451.09 and a 12 month high of $633.23.

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

Martin Marietta Materials Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s payout ratio is currently 9.77%.

Analyst Ratings Changes

MLM has been the subject of a number of recent research reports. Raymond James cut their target price on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Stephens cut their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Truist Financial decreased their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. UBS Group started coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target for the company. Finally, Barclays decreased their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $634.36.

Institutional Investors Weigh In On Martin Marietta Materials

Several large investors have recently bought and sold shares of MLM. Lee Danner & Bass Inc. acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth about $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $32,000. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at $33,000. Kestra Investment Management LLC purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth $35,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.