Last $127.87 USD
Change Today -2.65 / -2.03%
Volume 700.4K
MLM On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

martin marietta materials (MLM) Snapshot

Open
$129.67
Previous Close
$130.52
Day High
$130.13
Day Low
$127.60
52 Week High
06/23/14 - $136.36
52 Week Low
10/9/13 - $94.01
Market Cap
5.9B
Average Volume 10 Days
959.8K
EPS TTM
$2.84
Shares Outstanding
46.4M
EX-Date
05/29/14
P/E TM
45.0x
Dividend
$1.60
Dividend Yield
1.25%
Current Stock Chart for MARTIN MARIETTA MATERIALS (MLM)

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martin marietta materials (MLM) Details

Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. It mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, nonresidential, and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. The company also offers asphalt products, ready mixed concrete, and road paving construction services. In addition, it manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for use in the steel industry. These chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company primarily sells its products in the United States, Canada, the Bahamas, and the Caribbean Islands. Martin Marietta Materials, Inc. was founded in 1993 and is based in Raleigh, North Carolina.

5,036 Employees
Last Reported Date: 02/24/14
Founded in 1993

martin marietta materials (MLM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $757.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $601.9K
Chief Accounting Officer, Chief Information O...
Total Annual Compensation: $413.1K
Senior Vice President of Human Resources
Total Annual Compensation: $494.9K
Compensation as of Fiscal Year 2013.

martin marietta materials (MLM) Key Developments

Martin Marietta Materials Inc. Prices Offering of $300,000,000 Aggregate Principal Amount of its Floating Rate Senior Notes Due 2017

On June 23, 2014, Martin Marietta Materials Inc., a North Carolina corporation, announced that it had priced its offering of $300,000,000 aggregate principal amount of its Floating Rate Senior Notes due 2017 and $400,000,000 aggregate principal amount of its 4.250% Senior Notes due 2024. The transaction closed and settlement occurred on July 2, 2014. In connection with the issuance of the Notes, Martin Marietta entered into an Indenture, dated as of July 2, 2014 (the Indenture), between Martin Marietta and Regions Bank, as trustee (the Trustee), and a Registration Rights Agreement, dated as of July 2, 2014, with respect to the Notes (the Registration Rights Agreement), among Martin Marietta, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as representatives of the several initial purchasers named in Schedule I to the Purchase Agreement entered into on June 23, 2014 with respect to the Notes. Pursuant to the Indenture, Martin Marietta issued $300,000,000 aggregate principal amount of its Floating Rate Notes and $400,000,000 aggregate principal amount of its Fixed Rate Notes. The Floating Rate Notes will mature on June 30, 2017 and the Fixed Rate Notes will mature on July 2, 2024. The Floating Rate Notes bear interest at a per annum floating rate, reset quarterly, equal to three-month LIBOR for U.S. dollars plus 1.10% (or 110 basis points), and the Fixed Rate Notes bear interest at a per annum rate of 4.250%. Interest on the Floating Rate Notes will be payable quarterly on March 30, June 30, September 30 and December 30, beginning on September 30, 2014, and interest on the Fixed Rates Notes will be payable semiannually on January 2 and July 2, beginning on January 2, 2015, in each case to the persons in whose name such Notes are registered at the close of business on the 15th calendar day immediately preceding the applicable interest payment date. Martin Marietta may not redeem the Floating Rate Notes prior to their stated maturity date of June 30, 2017. Prior to April 2, 2024, Martin Marietta may redeem some or all of the Fixed Rate Notes at any time and from time to time at a price equal to the greater of 100% of the principal amount of the Fixed Rate Notes to be redeemed and the sum of the present values of the principal amount of the Fixed Rate Notes to be redeemed and the remaining scheduled payments of interest thereon after the date of optional redemption through the stated maturity date (excluding interest, if any, accrued thereon to such optional redemption date), discounted to such optional redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Indenture) plus 0.25% (or 25 basis points), plus unpaid interest, if any, accrued thereon to, but excluding, the optional redemption date. On or after April 2, 2024, Martin Marietta may redeem the Fixed Rate Notes at any time and from time to time at a price equal to 100% of the principal amount of the Fixed Rate Notes to be redeemed, plus unpaid interest, if any, accrued thereon to, but excluding, the optional redemption date.

Martin Marietta Materials Inc.(NYSE:MLM) added to S&P 500 Equal Weighted Index

Martin Marietta Materials Inc.(NYSE:MLM) added to S&P 500 Equal Weighted Index

Martin Marietta Materials Inc.(NYSE:MLM) added to S&P 500 Growth Index

Martin Marietta Materials Inc.(NYSE:MLM) added to S&P 500 Growth Index

 

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MLM

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Valuation MLM Industry Range
Price/Earnings 47.4x
Price/Sales 3.1x
Price/Book 4.0x
Price/Cash Flow 47.4x
TEV/Sales 2.5x
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