455 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 455 shares of the construction company's stock, valued at approximately $235,000.

A number of other large investors have also added to or reduced their stakes in MLM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Martin Marietta Materials by 12.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 315,901 shares of the construction company's stock valued at $163,163,000 after purchasing an additional 36,040 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 78.9% in the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock worth $538,000 after buying an additional 459 shares during the period. Woodline Partners LP purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth $17,994,000. Vident Advisory LLC lifted its holdings in shares of Martin Marietta Materials by 9.8% in the 4th quarter. Vident Advisory LLC now owns 1,867 shares of the construction company's stock worth $964,000 after buying an additional 166 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Martin Marietta Materials by 278.0% in the 4th quarter. Squarepoint Ops LLC now owns 59,124 shares of the construction company's stock worth $30,538,000 after buying an additional 43,482 shares during the period. Institutional investors own 95.04% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on MLM. Wall Street Zen upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Barclays lowered their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Raymond James lowered their target price on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Stifel Nicolaus upped their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $610.69.

Insider Activity

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael J. Petro bought 550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This represents a 6.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.69% of the company's stock.

Martin Marietta Materials Stock Down 0.1%

Martin Marietta Materials stock traded down $0.76 during midday trading on Friday, reaching $547.72. The company's stock had a trading volume of 653,644 shares, compared to its average volume of 490,746. The stock's 50-day simple moving average is $514.08 and its 200-day simple moving average is $526.22. 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 has a market capitalization of $33.02 billion, a P/E ratio of 16.94, a PEG ratio of 4.45 and a beta of 0.89.

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, beating analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 earnings per share. On average, sell-side 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 given a $0.79 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

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.