Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,572 shares of the construction company's stock after acquiring an additional 3,263 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.11% of Martin Marietta Materials worth $34,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials in the 4th quarter worth about $28,000. Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $35,000. Hopwood Financial Services Inc. purchased a new stake in Martin Marietta Materials in the 4th quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MLM shares. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James cut their price objective on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research report on Tuesday. Loop Capital lowered their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Barclays decreased 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 report on Thursday, February 13th. Finally, Stephens dropped their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" 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 given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and an average price target of $603.23.

Insider Activity

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of the stock in a transaction on 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 acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.68% of the company's stock.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock traded up $4.17 during mid-day trading on Thursday, reaching $528.15. 242,751 shares of the company traded hands, compared to its average volume of 485,904. 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 market capitalization of $32.01 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The firm's fifty day moving average is $483.73 and its two-hundred day moving average is $531.02.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. The firm 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 for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.60%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

Martin Marietta Materials Company 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.