|Bid||26.27 x 0|
|Ask||26.29 x 0|
|Day's Range||25.80 - 26.42|
|52 Week Range||19.81 - 28.07|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||0.61 (2.40%)|
|Ex-Dividend Date||Nov 03, 2021|
|1y Target Est||27.32|
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Martin Marietta Materials, being on an acquisition spree, intends to buy Texas-based Southern Crushed Concrete.
Spanish conglomerate Ferrovial has agreed to sell its U.S. unit Southern Crushed Concrete (SSC) to Martin Marietta Materials for about $140 million, a source with knowledge of the negotiations said on Tuesday. Ferrovial, which also operates airports and toll roads, said last month it had agreed to sell certain non-strategic assets, including SCC, but did not give details. The deal was pending approval by regulatory authorities.
Heathrow has resumed buying houses close to its proposed third runway as it comes under pressure from its biggest investor to press on with the controversial expansion. The airport reopened a property hardship scheme this month through which it buys homes from owners who are otherwise unable to sell them due to the prospect of a third runway. Heathrow’s expansion plans were resurrected in December when the Supreme Court overturned an earlier ruling to outlaw the £14bn scheme. Spanish infrastructure giant Ferrovial, Heathrow’s biggest shareholder, has previously hinted that it could sell its stake if it cannot increase its returns. A third runway is viewed as a crucial part of restoring Heathrow’s financial performance in the longer term.