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 Martin Marietta Materials stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Martin Marietta Materials Price Performance

MLM opened at $461.02 on Friday. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. 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 company’s 50 day simple moving average is $518.87 and its 200-day simple moving average is $543.22. The stock has a market capitalization of $28.11 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

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

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.69%. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Institutional Investors Weigh In On Martin Marietta Materials

Institutional investors have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials in the 4th quarter valued at $28,000. First Personal Financial Services bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in Martin Marietta Materials in the 4th quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials in the 4th quarter valued at $35,000. Finally, Hopwood Financial Services Inc. bought a new stake in Martin Marietta Materials in the 4th quarter valued at $36,000. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $634.36.

About Martin Marietta Materials

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.