544 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Alteri Wealth LLC

Alteri Wealth LLC purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 544 shares of the construction company's stock, valued at approximately $281,000.

A number of other institutional investors have also modified their holdings of MLM. Aptus Capital Advisors LLC grew its position in Martin Marietta Materials by 257.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,086 shares of the construction company's stock valued at $1,077,000 after acquiring an additional 1,503 shares in the last quarter. DoubleLine ETF Adviser LP purchased a new stake in Martin Marietta Materials during the 4th quarter worth approximately $3,520,000. Wahed Invest LLC increased its stake in Martin Marietta Materials by 5.4% during the 4th quarter. Wahed Invest LLC now owns 1,568 shares of the construction company's stock worth $810,000 after buying an additional 81 shares during the period. Westbourne Investments Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter worth approximately $2,474,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Martin Marietta Materials in the 4th quarter valued at approximately $37,704,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on MLM shares. Loop Capital lowered their target price on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley raised their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday. StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday. UBS Group lowered shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price objective on the stock. in a report on Monday, April 7th. Finally, Raymond James lowered their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $599.69.

Insider Activity at Martin Marietta Materials

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

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded up $1.40 during trading on Friday, reaching $542.96. The company had a trading volume of 170,314 shares, compared to its average volume of 484,273. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The stock's fifty day moving average price is $489.91 and its 200 day moving average price is $529.62. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the business earned $1.93 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Martin Marietta Materials Profile

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.