Camrose Capital Investment Partners LLP Invests $9.99 Million in Martin Marietta Materials, Inc. (NYSE:MLM)

Camrose Capital Investment Partners LLP bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 19,342 shares of the construction company's stock, valued at approximately $9,990,000. Martin Marietta Materials accounts for about 11.0% of Camrose Capital Investment Partners LLP's investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also modified their holdings of MLM. Principal Financial Group Inc. increased its position in Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after purchasing an additional 704,460 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Martin Marietta Materials during the 3rd quarter worth about $197,000. Franklin Resources Inc. increased its holdings in Martin Marietta Materials by 1.9% during the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company's stock valued at $295,397,000 after buying an additional 9,908 shares during the period. JPMorgan Chase & Co. raised its position in shares of Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after acquiring an additional 506,705 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Martin Marietta Materials in the fourth quarter worth about $480,000. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MLM has been the subject of several recent analyst reports. Truist Financial lowered their price target on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Morgan Stanley raised their target price on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Barclays decreased their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. StockNews.com raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, UBS Group downgraded Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 target price on the stock. in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $599.69.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro bought 550 shares of Martin Marietta Materials stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now owns 8,985 shares in the company, valued at $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Trading Up 0.0 %

Shares of MLM traded up $0.05 during trading on Friday, reaching $541.61. 320,149 shares of the company traded hands, compared to its average volume of 486,301. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The stock has a market cap of $32.65 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock has a 50-day simple moving average of $491.51 and a 200-day simple moving average of $529.26. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $1.93 earnings per share. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

About Martin Marietta Materials

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.