Occudo Quantitative Strategies LP Boosts Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Occudo Quantitative Strategies LP raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 401.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,386 shares of the construction company's stock after acquiring an additional 4,311 shares during the period. Occudo Quantitative Strategies LP's holdings in Martin Marietta Materials were worth $2,782,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Martin Marietta Materials by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company's stock worth $3,705,466,000 after purchasing an additional 36,531 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Martin Marietta Materials by 11.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company's stock valued at $939,898,000 after purchasing an additional 191,043 shares during the period. Amundi raised its position in Martin Marietta Materials by 10.5% during the 4th quarter. Amundi now owns 1,562,146 shares of the construction company's stock worth $808,005,000 after purchasing an additional 148,065 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Martin Marietta Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company's stock worth $758,499,000 after purchasing an additional 32,082 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MLM shares. StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Loop Capital dropped their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. UBS Group upgraded Martin Marietta Materials from a "neutral" rating to a "buy" rating and raised their target price for the company from $548.00 to $634.00 in a research note on Friday. Stifel Nicolaus upped their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays reduced their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average target price of $610.69.

Insider Buying and Selling at Martin Marietta Materials

In related news, SVP Michael J. Petro purchased 550 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $454.37 per share, with a total value of $249,903.50. Following the purchase, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. This represents a 6.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. The trade was a 27.44% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.69% of the company's stock.

Martin Marietta Materials Stock Performance

Shares of MLM stock traded up $11.65 during trading on Friday, reaching $564.51. 419,345 shares of the company's stock traded hands, compared to its average volume of 485,421. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23. The company has a market capitalization of $34.03 billion, a P/E ratio of 17.46, a PEG ratio of 4.45 and a beta of 0.89. 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's 50-day moving average is $497.71 and its 200 day moving average is $528.88.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $1.93 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is presently 18.20%.

Martin Marietta Materials 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.