Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Centiva Capital LP

Centiva Capital LP increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,837 shares of the construction company's stock after buying an additional 2,435 shares during the quarter. Centiva Capital LP's holdings in Martin Marietta Materials were worth $4,048,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new stake in shares of 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 during the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 34 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

MLM opened at $542.76 on Tuesday. The business has a fifty day simple moving average of $486.36 and a 200-day simple moving average of $529.79. The firm has a market cap of $32.72 billion, a PE ratio of 16.79, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping 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 return on equity of 12.11% and a net margin of 30.54%. Martin Marietta Materials's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. The trade was a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Petro bought 550 shares of Martin Marietta Materials stock in a transaction dated 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 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. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on MLM shares. Stephens cut their target price on 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. Raymond James decreased their target price 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, April 29th. Barclays dropped 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 research report on Thursday, February 13th. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a report on Wednesday, January 8th. Finally, StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $603.23.

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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