B. Riley Wealth Advisors Inc. Sells 807 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

B. Riley Wealth Advisors Inc. lessened its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,442 shares of the construction company's stock after selling 807 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Martin Marietta Materials were worth $2,294,000 as of its most recent filing with the SEC.

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

Insider Transactions at Martin Marietta Materials

In other news, SVP Michael J. Petro acquired 550 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost 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. This trade represents a 6.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 3,523 shares of the company's stock, valued at $1,673,425. The trade was a 27.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Martin Marietta Materials Stock Performance

NYSE MLM traded down $2.85 during trading on Thursday, reaching $547.68. The company's stock had a trading volume of 689,287 shares, compared to its average volume of 488,627. The firm has a 50 day moving average price of $512.93 and a 200 day moving average price of $526.69. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23. The firm has a market capitalization of $33.02 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth 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 (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 analysts' consensus estimates of $1.88 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 earnings per share. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business 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 dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. Martin Marietta Materials's payout ratio is 18.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Raymond James reduced their target price on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Stephens cut their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, UBS Group upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and upped their price objective for the company from $548.00 to $634.00 in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $610.69.

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.