Follow The Dividend: $0.42 dividends just around the corner for Martin Marietta Materials, Inc. (NYSE:MLM) shareholders.

Follow The Dividend: $0.42 dividends just around the corner for Martin Marietta Materials, Inc. (NYSE:MLM) shareholders.

Martin Marietta Materials, Inc. (NYSE:MLM) is expected to pay $0.42 on Dec 30, 2016. The indicated annual dividend is $1.68. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Martin Marietta Materials, Inc.’s current price of $225.31, the dividend is 0.19%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.49% or $1.09 on November 25, hitting $225.31. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 32.89% since April 25, 2016 and is uptrending. It has outperformed by 26.88% the S&P500.

Martin Marietta Materials, Inc. is a supplier of aggregates products for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The company has a market cap of $14.37 billion. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. It has a 35.43 P/E ratio. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.10, from 1.12 in 2016Q1. The ratio improved, as 35 funds sold all Martin Marietta Materials, Inc. shares owned while 144 reduced positions. 69 funds bought stakes while 132 increased positions. They now own 60.78 million shares or 9.44% less from 67.12 million shares in 2016Q1.
Stifel Fincl Corp holds 0.03% or 38,664 shares in its portfolio. Sunbelt Inc has 0% invested in the company for 676 shares. Gulf Bancorporation (Uk) Ltd owns 19,375 shares or 0.06% of their US portfolio. Moreover, Guggenheim Capital Ltd has 0.16% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 261,625 shares. Moreover, Blackrock Fund Advsr has 0.04% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 1.05M shares. Prudential Incorporated holds 0.03% or 92,020 shares in its portfolio. Scopus Asset L P, a New York-based fund reported 34,206 shares. Ibm Retirement Fund accumulated 7,529 shares or 0.05% of the stock. Ubs Oconnor Ltd Liability reported 22,873 shares or 0% of all its holdings. Carroll Associate Incorporated holds 0.02% or 740 shares in its portfolio. The Iowa-based Cambridge Invest Rech Advisors has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM). Asset accumulated 6,065 shares or 0.04% of the stock. Sheets Smith Wealth Mngmt last reported 5,693 shares in the company. Weik Inv Ser holds 1.27% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 11,040 shares. Aperio Gp last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 8 selling transactions for $7.00 million net activity. The insider BAR ROSELYN R sold $1.17M. Grant Daniel L. also sold $233,438 worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, November 9. 17,000 Martin Marietta Materials, Inc. (NYSE:MLM) shares with value of $3.19 million were sold by ZELNAK STEPHEN P JR. Guzzo Dana F. sold $542,735 worth of stock or 2,389 shares. The insider LLOYD ANNE H sold 2,929 shares worth $658,271. Nye C Howard sold $1.95M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, November 9. MAFFUCCI DAVID G sold $1.36M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, August 10.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Out of 8 analysts covering Martin Marietta (NYSE:MLM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Martin Marietta has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Bank of America maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Thursday, August 6. Bank of America has “Buy” rating and $184 price target. The stock has “Overweight” rating given by Alembic on Thursday, June 9. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Neutral” rating given on Wednesday, November 16 by Bank of America. The company was upgraded on Friday, October 2 by Longbow. On Wednesday, October 26 the stock rating was upgraded by SunTrust to “Buy”. The company was upgraded on Wednesday, October 26 by Suntrust Robinson. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, October 11 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, June 8. The firm has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus.

MLM Company Profile

Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia chemicals and dolomitic lime businesses. The Company’s Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Company’s Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.

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