Donald A. Mccunniff Sells 4,226 Shares of Martin Marietta Materials, Inc. (MLM) Stock

Martin Marietta Materials, Inc. (NYSE:MLM) SVP Donald A. Mccunniff sold 4,226 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $230.72, for a total transaction of $975,022.72. Following the completion of the sale, the senior vice president now directly owns 14,899 shares of the company’s stock, valued at $3,437,497.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Martin Marietta Materials stock opened at $230.20 on Friday. Martin Marietta Materials, Inc. has a 52-week low of $189.26 and a 52-week high of $241.33. The company has a current ratio of 4.00, a quick ratio of 3.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $14.48 billion, a PE ratio of 32.06, a PEG ratio of 1.73 and a beta of 1.17.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). Martin Marietta Materials had a return on equity of 9.47% and a net margin of 17.36%. The firm had revenue of $802.00 million for the quarter, compared to analyst estimates of $822.23 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. equities analysts anticipate that Martin Marietta Materials, Inc. will post 9.22 earnings per share for the current fiscal year.



The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.76%. Martin Marietta Materials’s dividend payout ratio (DPR) is 24.51%.

Several institutional investors have recently modified their holdings of MLM. Epoch Investment Partners Inc. increased its stake in shares of Martin Marietta Materials by 99.2% during the first quarter. Epoch Investment Partners Inc. now owns 1,500,533 shares of the construction company’s stock worth $311,061,000 after acquiring an additional 747,383 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Martin Marietta Materials during the first quarter worth about $106,465,000. Carillon Tower Advisers Inc. acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth about $97,745,000. Millennium Management LLC increased its stake in shares of Martin Marietta Materials by 4,255.7% during the first quarter. Millennium Management LLC now owns 364,225 shares of the construction company’s stock worth $75,504,000 after acquiring an additional 355,863 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in shares of Martin Marietta Materials by 260.0% during the first quarter. Alkeon Capital Management LLC now owns 225,000 shares of the construction company’s stock worth $46,643,000 after acquiring an additional 162,500 shares during the period. Institutional investors and hedge funds own 99.98% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $258.00 target price for the company in a report on Thursday. Citigroup set a $262.00 target price on shares of Martin Marietta Materials and gave the company a “buy” rating in a report on Tuesday, May 15th. ValuEngine raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Stephens reaffirmed a “hold” rating and issued a $233.00 target price on shares of Martin Marietta Materials in a report on Friday, April 13th. Finally, SunTrust Banks reduced their target price on shares of Martin Marietta Materials to $226.00 and set a “buy” rating for the company in a report on Thursday, May 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $238.13.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; 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.

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply