Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 49,790.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,869 shares of the construction company's stock after acquiring an additional 59,749 shares during the quarter. International Assets Investment Management LLC owned 0.10% of Martin Marietta Materials worth $29,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MV Capital Management Inc. increased its position in Martin Marietta Materials by 144.4% in the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company's stock worth $27,000 after buying an additional 39 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Martin Marietta Materials in the fourth quarter worth $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Martin Marietta Materials in the third quarter worth $30,000. Covestor Ltd increased its position in Martin Marietta Materials by 84.6% in the third quarter. Covestor Ltd now owns 72 shares of the construction company's stock worth $30,000 after buying an additional 33 shares during the last quarter. Finally, Quarry LP purchased a new stake in Martin Marietta Materials in the first quarter worth $30,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MLM. Citigroup lifted their price objective on Martin Marietta Materials from $635.00 to $708.00 and gave the company a "buy" rating in a research note on Friday, April 5th. HSBC raised Martin Marietta Materials from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $376.00 to $543.00 in a research note on Thursday, February 22nd. StockNews.com lowered Martin Marietta Materials from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Truist Financial boosted their target price on Martin Marietta Materials from $610.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Finally, Raymond James boosted their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the company an "outperform" rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $577.38.

Martin Marietta Materials Trading Down 0.7 %

MLM traded down $4.06 on Wednesday, hitting $606.57. The company had a trading volume of 386,030 shares, compared to its average volume of 403,544. The company has a market cap of $37.50 billion, a PE ratio of 32.21, a PEG ratio of 3.04 and a beta of 0.96. Martin Marietta Materials, Inc. has a 12-month low of $341.40 and a 12-month high of $626.67. The company has a quick ratio of 2.50, a current ratio of 3.35 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $576.92 and its 200 day simple moving average is $501.61.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $3.96 by $0.67. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business posted $3.04 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Martin Marietta Materials, Inc. will post 21.09 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 4th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 annualized dividend and a dividend yield of 0.49%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 15.72%.

Insider Activity at Martin Marietta Materials

In related news, CEO C Howard Nye sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the sale, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Sue W. Cole sold 1,724 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $543.48, for a total transaction of $936,959.52. Following the transaction, the director now directly owns 19,793 shares of the company's stock, valued at $10,757,099.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the transaction, the chief executive officer now directly owns 134,640 shares in the company, valued at $81,357,566.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,724 shares of company stock worth $16,033,760. Company insiders own 0.59% of the company's stock.

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.