Aristotle Capital Management LLC Has $1.24 Billion Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Aristotle Capital Management LLC trimmed its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,396,345 shares of the construction company's stock after selling 52,600 shares during the quarter. Martin Marietta Materials makes up about 2.4% of Aristotle Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Aristotle Capital Management LLC owned 3.92% of Martin Marietta Materials worth $1,237,712,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Lee Danner & Bass Inc. acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials during the fourth quarter worth about $32,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials during the fourth quarter valued at $35,000. Hopwood Financial Services Inc. bought a new stake in Martin Marietta Materials in the fourth quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after buying an additional 34 shares during the period. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MLM. StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $640.00 to $560.00 in a research note on Wednesday, March 19th. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Truist Financial decreased their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Wolfe Research upgraded Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target for the company in a research note on Wednesday, January 8th. Four equities research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $599.69.

Martin Marietta Materials Trading Up 1.6 %

Shares of NYSE:MLM traded up $8.30 during mid-day trading on Thursday, reaching $542.76. The stock had a trading volume of 141,364 shares, compared to its average volume of 534,590. 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 market cap of $32.72 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The firm has a 50 day simple moving average of $488.47 and a two-hundred day simple moving average of $529.87. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Martin Marietta Materials's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the purchase, the senior vice president now 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 currently owned by insiders.

Martin Marietta Materials Company 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.