Two Sigma Securities LLC Lowers Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Two Sigma Securities LLC decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 61.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 821 shares of the construction company's stock after selling 1,323 shares during the quarter. Two Sigma Securities LLC's holdings in Martin Marietta Materials were worth $424,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of Martin Marietta Materials by 54,277.3% during the 4th quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock valued at $474,370,000 after acquiring an additional 916,743 shares during the period. Principal Financial Group Inc. grew its holdings in Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock valued at $876,648,000 after purchasing an additional 704,460 shares during the period. Norges Bank purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $306,863,000. JPMorgan Chase & Co. raised its stake in shares of Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after buying an additional 506,705 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Martin Marietta Materials during the 4th quarter valued at approximately $196,374,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

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 on Tuesday, March 4th. The shares were bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the transaction, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Martin Marietta Materials Stock Down 0.1 %

MLM traded down $0.32 on Thursday, reaching $523.66. The company's stock had a trading volume of 489,577 shares, compared to its average volume of 486,857. 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. The stock has a 50 day moving average of $483.73 and a two-hundred day moving average of $531.02. The company has a market capitalization of $31.73 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $1.93 EPS. The company's revenue was up 8.2% on a year-over-year basis. As a group, analysts forecast 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is 9.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MLM shares. Raymond James lowered their price objective on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a report on Tuesday. Stephens dropped their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus raised their price objective on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday. Truist Financial dropped their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, 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 note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $603.23.

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.