Mcdonald Capital Investors Inc. CA Sells 1,955 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mcdonald Capital Investors Inc. CA trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,847 shares of the construction company's stock after selling 1,955 shares during the quarter. Martin Marietta Materials makes up 3.7% of Mcdonald Capital Investors Inc. CA's investment portfolio, making the stock its 11th largest position. Mcdonald Capital Investors Inc. CA owned approximately 0.17% of Martin Marietta Materials worth $53,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLM. Fairfield Bush & CO. purchased a new stake in shares of Martin Marietta Materials in the 1st quarter valued at about $46,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Martin Marietta Materials by 4.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 391,276 shares of the construction company's stock valued at $150,599,000 after acquiring an additional 15,163 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Martin Marietta Materials by 0.4% in the first quarter. Yousif Capital Management LLC now owns 9,391 shares of the construction company's stock valued at $3,615,000 after acquiring an additional 40 shares during the period. Prudential PLC purchased a new position in shares of Martin Marietta Materials during the first quarter worth approximately $456,000. Finally, Cetera Investment Advisers increased its holdings in shares of Martin Marietta Materials by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 950 shares of the construction company's stock valued at $366,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of recent research reports. Raymond James lifted their price objective on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the company an "outperform" rating in a research note on Thursday, January 25th. The Goldman Sachs Group upped their price objective on Martin Marietta Materials from $560.00 to $642.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Wolfe Research downgraded Martin Marietta Materials from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 8th. Truist Financial upped their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered shares of Martin Marietta Materials from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $581.38.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the transaction, the executive vice president now directly owns 59,970 shares in the company, valued at approximately $36,179,301.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials 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 completion of the sale, the chief executive officer now owns 134,640 shares of the company's stock, valued at $81,357,566.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $603.29, for a total value of $6,032,900.00. Following the transaction, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The disclosure for this sale can be found here. Insiders sold a total of 26,724 shares of company stock valued at $16,033,760 over the last three months. 0.59% of the stock is currently owned by insiders.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM traded down $2.87 during midday trading on Monday, hitting $599.24. 441,699 shares of the stock were exchanged, compared to its average volume of 400,136. Martin Marietta Materials, Inc. has a twelve month low of $343.79 and a twelve month high of $626.67. The company has a current ratio of 3.35, a quick ratio of 2.50 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $580.39 and a 200-day moving average price of $505.01. The stock has a market cap of $37.05 billion, a P/E ratio of 31.82, a PEG ratio of 2.94 and a beta of 0.96.

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

Martin Marietta Materials Announces Dividend

The business also recently declared 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. This represents a $2.96 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, March 1st. Martin Marietta Materials's payout ratio is 15.72%.

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.