Brevan Howard Capital Management LP Takes $475,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Brevan Howard Capital Management LP acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 919 shares of the construction company's stock, valued at approximately $475,000.

A number of other hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $32,000. Kestra Investment Management LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $35,000. Hopwood Financial Services Inc. acquired a new stake in shares of Martin Marietta Materials in the fourth quarter worth $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after buying an additional 34 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock traded down $8.58 on Tuesday, reaching $544.48. 369,730 shares of the stock were exchanged, compared to its average volume of 486,203. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The firm has a fifty day moving average price of $493.01 and a two-hundred day moving average price of $528.85. The stock has a market cap of $32.82 billion, a PE ratio of 16.84, a PEG ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Loop Capital reduced their price objective 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. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Truist Financial dropped their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stephens lowered their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Four equities 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $599.69.

Insiders Place Their Bets

In related news, SVP Michael J. Petro bought 550 shares of Martin Marietta Materials stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares in the company, valued at approximately $4,082,514.45. This represents a 6.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value 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 trade represents 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 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.