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

Martin Marietta Materials, Inc. (NYSE:MLM - Get Free Report) SVP Michael J. Petro bought 550 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $454.37 per share, with a total value of $249,903.50. Following the purchase, the senior vice president now directly owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Martin Marietta Materials Stock Performance

NYSE:MLM traded down $14.89 during trading hours on Friday, reaching $461.02. The company had a trading volume of 983,189 shares, compared to its average volume of 447,821. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 52 week low of $448.50 and a 52 week high of $633.23. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 4.45 and a beta of 0.89. The firm's 50 day moving average price is $518.87 and its 200-day moving average price is $543.22.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping 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%. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

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Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

Analyst Ratings Changes

MLM has been the subject of a number of analyst reports. HSBC raised 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 research note on Wednesday, December 11th. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target for the company in a research report on Wednesday, January 8th. Citigroup reduced their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Loop Capital reduced their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and raised their price target for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $634.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MLM. Lee Danner & Bass Inc. purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth $28,000. Whipplewood Advisors LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth $32,000. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials during the 3rd quarter worth $33,000. Kestra Investment Management LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth $35,000. Finally, Hopwood Financial Services Inc. purchased a new position 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.