Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 128.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,241 shares of the construction company's stock after purchasing an additional 4,065 shares during the period. Bryn Mawr Capital Management LLC's holdings in Martin Marietta Materials were worth $3,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MLM. Pinnacle Bancorp Inc. acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth about $26,000. MV Capital Management Inc. raised its holdings in Martin Marietta Materials by 144.4% in the 3rd quarter. MV Capital Management Inc. now owns 66 shares of the construction company's stock valued at $27,000 after acquiring an additional 39 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $27,000. Covestor Ltd raised its holdings in Martin Marietta Materials by 84.6% in the 3rd quarter. Covestor Ltd now owns 72 shares of the construction company's stock valued at $30,000 after acquiring an additional 33 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in Martin Marietta Materials by 74.3% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company's stock valued at $30,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Insider Activity

In related news, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction on Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the sale, the director now directly owns 19,793 shares in the company, valued at approximately $10,757,099.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the transaction, the chief executive officer now directly owns 134,640 shares of the company's stock, valued at approximately $81,357,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sue W. Cole sold 1,724 shares of the firm'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 in the company, valued at $10,757,099.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,724 shares of company stock worth $16,033,760. 0.61% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Stock Up 1.4 %

Martin Marietta Materials stock traded up $8.10 during mid-day trading on Friday, reaching $605.17. 386,242 shares of the company's stock were exchanged, compared to its average volume of 407,775. The company has a market cap of $37.35 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.87 and a beta of 0.96. Martin Marietta Materials, Inc. has a twelve month low of $345.03 and a twelve 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 company has a fifty day moving average of $592.06 and a 200-day moving average of $514.74.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, beating 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 business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the business earned $3.04 EPS. The company's revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 21.24 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were issued a $0.74 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.49%. Martin Marietta Materials's payout ratio is 15.72%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MLM shares. Citigroup increased their price objective on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the company a "buy" rating in a report on Friday, April 5th. Raymond James increased their price target 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. Wolfe Research cut shares of Martin Marietta Materials from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 8th. Stifel Nicolaus increased their price target on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a "buy" rating in a research note on Monday, April 15th. Finally, Truist Financial increased their price objective on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Martin Marietta Materials currently has an average rating of "Moderate Buy" and a consensus target price of $588.69.

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.

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