Centiva Capital LP Increases Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Centiva Capital LP boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 45.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,837 shares of the construction company's stock after purchasing an additional 2,435 shares during the period. Centiva Capital LP's holdings in Martin Marietta Materials were worth $4,048,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MLM. Checchi Capital Advisers LLC lifted its holdings in Martin Marietta Materials by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock worth $690,000 after purchasing an additional 19 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Martin Marietta Materials by 1.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after acquiring an additional 19 shares in the last quarter. Brooklyn Investment Group increased its position in Martin Marietta Materials by 4.7% during the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock worth $231,000 after acquiring an additional 20 shares during the period. OLD National Bancorp IN boosted its holdings in Martin Marietta Materials by 4.5% in the 4th quarter. OLD National Bancorp IN now owns 483 shares of the construction company's stock valued at $249,000 after purchasing an additional 21 shares during the period. Finally, Signaturefd LLC boosted its holdings in Martin Marietta Materials by 2.6% in the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock valued at $431,000 after purchasing an additional 21 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 0.0 %

Shares of MLM traded up $0.05 during trading hours on Friday, reaching $541.61. The stock had a trading volume of 320,149 shares, compared to its average volume of 486,301. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 16.75, a P/E/G 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. The firm has a 50-day simple moving average of $491.51 and a 200 day simple moving average of $529.26.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. Equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Insiders Place Their Bets

In related news, SVP Michael J. Petro acquired 550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the business'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 transaction of $632,700.00. Following the completion of the transaction, the executive vice president now directly owns 3,523 shares of the company's stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on MLM. Barclays dropped their price target on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Morgan Stanley upped their target price on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Stephens lowered their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. UBS Group downgraded shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price target on the stock. in a research report on Monday, April 7th. Finally, StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average target price of $599.69.

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.