Martin Marietta Materials, Inc. (NYSE:MLM) SVP Michael J. Petro Buys 550 Shares

Martin Marietta Materials, Inc. (NYSE:MLM) SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Martin Marietta Materials Stock Performance

Shares of NYSE MLM opened at $478.30 on Thursday. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $521.35 and its two-hundred day moving average is $544.16. The company has a market cap of $29.16 billion, a P/E ratio of 14.79, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 12 month low of $447.21 and a 12 month high of $633.23.

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

Martin Marietta Materials Dividend Announcement

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

Institutional Trading of Martin Marietta Materials

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

Analysts Set New Price Targets

Several equities research analysts recently commented on MLM shares. JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Citigroup dropped their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group began coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target on the stock. Finally, StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.36.

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.