Everpar Advisors LLC Takes Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Everpar Advisors LLC acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,411 shares of the construction company's stock, valued at approximately $1,203,000.

Other institutional investors have also recently bought and sold shares of the company. Schear Investment Advisers LLC increased its holdings in shares of Martin Marietta Materials by 1.2% in the 4th quarter. Schear Investment Advisers LLC now owns 1,647 shares of the construction company's stock valued at $822,000 after purchasing an additional 20 shares during the period. Independence Bank of Kentucky increased its stake in Martin Marietta Materials by 16.9% in the 4th quarter. Independence Bank of Kentucky now owns 152 shares of the construction company's stock valued at $76,000 after buying an additional 22 shares during the period. Global Retirement Partners LLC lifted its position in Martin Marietta Materials by 5.0% in the 4th quarter. Global Retirement Partners LLC now owns 460 shares of the construction company's stock worth $228,000 after buying an additional 22 shares in the last quarter. Spreng Capital Management Inc. grew its holdings in shares of Martin Marietta Materials by 3.1% during the 4th quarter. Spreng Capital Management Inc. now owns 775 shares of the construction company's stock valued at $387,000 after acquiring an additional 23 shares in the last quarter. Finally, Park Place Capital Corp grew its holdings in shares of Martin Marietta Materials by 11.3% during the 4th quarter. Park Place Capital Corp now owns 247 shares of the construction company's stock valued at $123,000 after acquiring an additional 25 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on MLM. The Goldman Sachs Group lifted their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Truist Financial increased their price objective on Martin Marietta Materials from $610.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Stephens boosted their target price on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Wolfe Research downgraded shares of Martin Marietta Materials from an "outperform" rating to a "peer perform" rating in a report on Friday, March 8th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $600.00 price objective (up from $530.00) on shares of Martin Marietta Materials in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Martin Marietta Materials has a consensus rating of "Moderate Buy" and a consensus target price of $598.17.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, Director Sue W. Cole sold 1,724 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $543.48, for a total value of $936,959.52. Following the sale, the director now owns 19,793 shares of the company's stock, valued at approximately $10,757,099.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the transaction, the executive vice president now directly owns 59,970 shares of the company's stock, valued at $36,179,301.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sue W. Cole sold 1,724 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $543.48, for a total transaction of $936,959.52. Following the completion of the sale, the director now directly owns 19,793 shares in the company, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,724 shares of company stock worth $16,033,760. 0.68% of the stock is owned by corporate insiders.

Martin Marietta Materials Stock Performance

Shares of MLM stock traded down $2.17 during trading hours on Wednesday, reaching $596.64. 284,561 shares of the company's stock were exchanged, compared to its average volume of 416,719. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67. The business has a fifty day moving average price of $600.80 and a 200-day moving average price of $526.10. The stock has a market capitalization of $36.78 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.80 and a beta of 0.95.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.05. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Analysts predict that Martin Marietta Materials, Inc. will post 21.7 EPS for the current fiscal 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 given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials's dividend payout ratio is presently 8.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.