Aptus Capital Advisors LLC Buys 1,503 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Aptus Capital Advisors LLC grew its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 257.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,086 shares of the construction company's stock after buying an additional 1,503 shares during the period. Aptus Capital Advisors LLC's holdings in Martin Marietta Materials were worth $1,077,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MLM. Principal Financial Group Inc. lifted its stake in Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock valued at $876,648,000 after acquiring an additional 704,460 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Martin Marietta Materials in the third quarter worth approximately $197,000. JPMorgan Chase & Co. grew its holdings in shares of Martin Marietta Materials by 23.3% during the third 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 in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Martin Marietta Materials by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 4,918 shares of the construction company's stock worth $2,564,000 after purchasing an additional 302 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $226,000. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Martin Marietta Materials

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Petro bought 550 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares in the company, 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. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MLM. Morgan Stanley lifted their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Stephens reduced their price target on shares of 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. Truist Financial dropped their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Barclays dropped their price target on shares of 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. Finally, Loop Capital lowered their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $599.69.

Martin Marietta Materials Stock Performance

MLM traded up $9.13 during trading on Monday, reaching $550.98. The company's stock had a trading volume of 54,464 shares, compared to its average volume of 484,592. The company's fifty day moving average price is $491.51 and its 200-day moving average price is $528.97. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The company has a market capitalization of $33.22 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The company's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

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.