Captrust Financial Advisors Increases Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Captrust Financial Advisors boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,092 shares of the construction company's stock after buying an additional 1,315 shares during the quarter. Captrust Financial Advisors owned approximately 0.05% of Martin Marietta Materials worth $16,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Principal Financial Group Inc. lifted its stake 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 purchased a new position in shares of Martin Marietta Materials in the third quarter worth about $197,000. JPMorgan Chase & Co. lifted its stake 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 valued at $1,441,663,000 after acquiring an additional 506,705 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Martin Marietta Materials by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 4,918 shares of the construction company's stock valued at $2,564,000 after acquiring an additional 302 shares during the period. Finally, One Wealth Capital Management LLC bought a new position in Martin Marietta Materials during the 4th quarter worth approximately $226,000. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $536.04 on Wednesday. The business has a fifty day simple moving average of $487.42 and a two-hundred day simple moving average of $529.84. The firm has a market capitalization of $32.32 billion, a P/E ratio of 16.58, a P/E/G ratio of 4.45 and a beta of 0.89. 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 12 month low of $441.95 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 0.59%. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Insider Activity

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Petro bought 550 shares of Martin Marietta Materials stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, with a total value of $249,903.50. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

MLM has been the subject of a number of analyst reports. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. UBS Group cut shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price target for the company. in a research report on Monday, April 7th. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Morgan Stanley increased their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. downgraded 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. Four equities research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $599.69.

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.

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