Numerai GP LLC Increases Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Numerai GP LLC raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 707.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,102 shares of the construction company's stock after acquiring an additional 2,718 shares during the quarter. Numerai GP LLC's holdings in Martin Marietta Materials were worth $1,602,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MLM. Lee Danner & Bass Inc. acquired a new position in Martin Marietta Materials in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new position in Martin Marietta Materials in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. acquired a new position in Martin Marietta Materials in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Martin Marietta Materials by 91.9% in the fourth 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 during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

NYSE MLM traded up $11.65 during mid-day trading on Friday, hitting $564.51. The stock had a trading volume of 419,345 shares, compared to its average volume of 485,736. The firm's 50 day moving average is $499.71 and its 200 day moving average is $528.22. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. 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 stock has a market capitalization of $34.03 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 4.45 and a beta of 0.89.

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. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $1.93 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be issued 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 payout ratio is currently 18.20%.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro acquired 550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $4,082,514.45. The trade was a 6.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction on 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 directly owns 3,523 shares in the company, valued at approximately $1,673,425. This trade 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 company insiders.

Analyst Ratings Changes

MLM has been the subject of several research analyst reports. Seaport Res Ptn raised Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. downgraded Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $640.00 to $560.00 in a research note on Wednesday, March 19th. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and upped their target price for the stock from $548.00 to $634.00 in a research note on Friday. StockNews.com raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Loop Capital reduced their target price on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.69.

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.