Martin Marietta Materials Inc. (#MLM) Stock Price, Live Chart & Analysis | Trade #MLM

Martin Marietta Materials, Inc. is an American company with headquarters in Raleigh, North Carolina, United States. It produces natural resource-based building materials and provides aggregates and heavy-side building materials to the construction industry around the globe. Its operation divisions span 30 US states, Canada, and the Bahamas. The company owns a Magnesia Specialties business. It offers high-purity magnesia and dolomitic lime products that are used worldwide in environmental, agricultural, industrial, and specialty applications.

The company's history began in 1939. Its predecessor, Superior Stone, was founded that year. The next significant step occurred in 1959, when American-Marietta Corporation, a national company that produced construction materials, paints, buildings, and chemical products, acquired Superior Stone. Two years later, Martin Marietta Corporation was formed due to a merger between American-Marietta Corporation and Glenn L. Martin Company. In 1993, Martin Marietta Materials was incorporated into the American Marietta Corporation.

In 1994, the company decided to go public. Since then, its stocks have been traded on the New York Stock Exchange under the ticker MLM. In 1996, Martin Marietta Materials became an independent company.

In 2006, the company returned a record $219 million to shareholders through $170 million in shares repurchase and $46 million in dividend payments. Today, Martin Marietta Materials pays quarterly dividends. Institutional investors own over 90% of the company's shares. Therefore, you are recommended to define the largest shareholders and check whether they are selling the stocks they own. A large sale may lead to a plunge in the stock price.

In 2009, Martin Marietta Materials, Inc. was named №1 in the list of the "World's Most Admired Companies for the Building Materials Industry" by Fortune magazine.

Although the corporation is included in a few stock indices, it's a part of such vital stock market benchmarks as the S&P 500, NYSE Composite, DJ US, and DJ Mid-Cap. An inclusion in stock indices reflects the company's reliability and strong market position.