Cercano Management LLC Has $32.89 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Cercano Management LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,669 shares of the construction company's stock after selling 8,533 shares during the quarter. Martin Marietta Materials comprises approximately 0.8% of Cercano Management LLC's investment portfolio, making the stock its 28th biggest holding. Cercano Management LLC owned about 0.10% of Martin Marietta Materials worth $32,885,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

MLM has been the topic of several recent analyst reports. Raymond James cut their price objective on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Loop Capital lowered their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Truist Financial reduced their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. UBS Group downgraded Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price target on the stock. in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price target for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and a consensus price target of $599.69.

Insider Buying and Selling

In other Martin Marietta Materials news, SVP Michael J. Petro bought 550 shares of the firm'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 completion of the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the transaction, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock traded up $0.05 during midday trading on Friday, reaching $541.61. 320,149 shares of the company's stock were exchanged, compared to its average volume of 486,301. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The stock's 50-day simple moving average is $491.51 and its 200 day simple moving average is $529.26.

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

Martin Marietta Materials Dividend Announcement

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