Tidal Investments LLC Has $2.51 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Tidal Investments LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,864 shares of the construction company's stock after selling 3,144 shares during the quarter. Tidal Investments LLC's holdings in Martin Marietta Materials were worth $2,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Martin Marietta Materials by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company's stock valued at $3,705,466,000 after buying an additional 36,531 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock valued at $1,441,663,000 after acquiring an additional 506,705 shares during the period. Principal Financial Group Inc. grew its position in shares of Martin Marietta Materials by 11.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company's stock valued at $939,898,000 after purchasing an additional 191,043 shares during the last quarter. Amundi increased its stake in shares of Martin Marietta Materials by 10.5% in the fourth quarter. Amundi now owns 1,562,146 shares of the construction company's stock worth $808,005,000 after purchasing an additional 148,065 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Martin Marietta Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company's stock worth $758,499,000 after purchasing an additional 32,082 shares during the period. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $564.23 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month 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 stock has a market cap of $34.01 billion, a P/E ratio of 17.45, a PEG ratio of 4.45 and a beta of 0.89. The company's 50-day simple moving average is $506.90 and its 200 day simple moving average is $528.04.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released 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. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is 18.20%.

Wall Street Analysts Forecast Growth

MLM has been the subject of several recent analyst reports. Raymond James decreased 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. UBS Group upgraded Martin Marietta Materials from a "neutral" rating to a "buy" rating and upped their price target for the stock from $548.00 to $634.00 in a report on Friday, May 16th. Stephens lowered their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Loop Capital reduced their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average price target of $610.69.

Insider Buying and Selling at Martin Marietta Materials

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

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.

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