Banco Bilbao Vizcaya Argentaria S.A. Sells 648 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 34.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,258 shares of the construction company's stock after selling 648 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Martin Marietta Materials were worth $650,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the fourth quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $32,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $35,000. Hopwood Financial Services Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $36,000. Finally, EverSource Wealth Advisors LLC raised its position in Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Trading Up 2.6 %

Shares of Martin Marietta Materials stock traded up $13.73 during trading on Friday, reaching $536.61. 386,424 shares of the company were exchanged, compared to its average volume of 485,379. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The business has a 50-day moving average price of $485.33 and a 200-day moving average price of $530.64. 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 firm has a market capitalization of $32.52 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.11% and a net margin of 30.54%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $1.93 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.59%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

Insider Buying and Selling

In other news, SVP Michael J. Petro bought 550 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the purchase, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

MLM has been the subject of a number of research reports. 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. Stephens dropped their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. StockNews.com lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Raymond James lowered their price target on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $603.23.

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.