Martin Marietta Materials, Inc. (NYSE:MLM) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,364 shares of the construction company's stock after purchasing an additional 14,892 shares during the period. Dimensional Fund Advisors LP owned 1.05% of Martin Marietta Materials worth $331,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MLM. Lee Danner & Bass Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter worth $28,000. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the 4th quarter valued at about $32,000. Kestra Investment Management LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $35,000. Hopwood Financial Services Inc. acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Martin Marietta Materials by 91.9% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Insider Buying and Selling

In related news, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $454.37 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the sale, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. The trade was a 27.44 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MLM has been the topic of a number of recent research reports. Raymond James lowered their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Barclays lowered their price target on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus started coverage on shares of Martin Marietta Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $559.00 price objective for the company. Stephens decreased their target price 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. Finally, Truist Financial dropped their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $599.62.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded down $4.25 on Friday, reaching $505.00. The company's stock had a trading volume of 327,918 shares, compared to its average volume of 486,566. 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, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The stock's 50-day moving average is $483.45 and its two-hundred day moving average is $531.57. The stock has a market capitalization of $30.60 billion, a P/E ratio of 15.62, a PEG ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's payout ratio is 9.77%.

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.