BNP Paribas Takes $939,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

BNP Paribas acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,821 shares of the construction company's stock, valued at approximately $939,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Franklin Street Advisors Inc. NC raised its stake in Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company's stock worth $13,037,000 after acquiring an additional 3,384 shares during the period. RMR Wealth Builders raised its position in shares of Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company's stock worth $1,235,000 after purchasing an additional 1,941 shares during the period. InTrack Investment Management Inc lifted its holdings in shares of Martin Marietta Materials by 33.9% in the 4th quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company's stock worth $1,784,000 after purchasing an additional 872 shares during the last quarter. Fifth Third Bancorp boosted its position in Martin Marietta Materials by 24.6% during the 4th quarter. Fifth Third Bancorp now owns 7,005 shares of the construction company's stock valued at $3,618,000 after purchasing an additional 1,382 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in Martin Marietta Materials by 64.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock worth $1,047,000 after buying an additional 796 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Raymond James decreased 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 report on Tuesday, April 29th. Truist Financial cut their price target on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Morgan Stanley increased their price objective on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Barclays cut their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $599.69.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael J. Petro bought 550 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was purchased 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 ownership of the stock. The disclosure for this purchase can be found here. 0.69% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Price Performance

Shares of MLM traded up $0.05 during mid-day trading on Friday, hitting $541.61. The company's stock had a trading volume of 320,149 shares, compared to its average volume of 486,301. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The stock has a market capitalization of $32.65 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 4.45 and a beta of 0.89. The firm has a 50-day moving average price of $491.51 and a 200 day moving average price of $529.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

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

Martin Marietta Materials Announces Dividend

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

Martin Marietta Materials Company 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.