Ensign Peak Advisors Inc Has $11.49 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Ensign Peak Advisors Inc lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,245 shares of the construction company's stock after purchasing an additional 1,145 shares during the quarter. Ensign Peak Advisors Inc's holdings in Martin Marietta Materials were worth $11,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Fiduciary Trust Co lifted its position in shares of Martin Marietta Materials by 21.0% during the 4th quarter. Fiduciary Trust Co now owns 1,812 shares of the construction company's stock worth $936,000 after buying an additional 314 shares during the period. First Manhattan CO. LLC. lifted its position in shares of Martin Marietta Materials by 0.6% during the 4th quarter. First Manhattan CO. LLC. now owns 34,617 shares of the construction company's stock worth $17,880,000 after buying an additional 196 shares during the period. Deutsche Bank AG lifted its position in shares of Martin Marietta Materials by 24.1% during the 4th quarter. Deutsche Bank AG now owns 218,110 shares of the construction company's stock worth $112,654,000 after buying an additional 42,304 shares during the period. Concentric Capital Strategies LP bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $3,028,000. Finally, Crestline Management LP bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $5,527,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Up 2.1%

Shares of MLM traded up $11.65 on Friday, hitting $564.51. The company's stock had a trading volume of 419,345 shares, compared to its average volume of 486,365. The firm's fifty day moving average price is $497.71 and its 200-day moving average price is $528.88. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 17.46, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. On average, equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.56%. Martin Marietta Materials's dividend payout ratio (DPR) is currently 18.20%.

Insider Transactions at Martin Marietta Materials

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael J. Petro bought 550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost 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 in the company, valued at $4,082,514.45. The trade was 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

MLM has been the subject of several analyst reports. Truist Financial cut their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Stephens cut their target price on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their price objective on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $548.00 to $634.00 in a research note on Friday. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $610.69.

About Martin Marietta Materials

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.