Quantinno Capital Management LP Boosts Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Quantinno Capital Management LP boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,130 shares of the construction company's stock after purchasing an additional 1,744 shares during the period. Quantinno Capital Management LP's holdings in Martin Marietta Materials were worth $6,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. Checchi Capital Advisers LLC increased its holdings in shares of Martin Marietta Materials by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock valued at $690,000 after acquiring an additional 19 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 1.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after purchasing an additional 19 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Martin Marietta Materials by 4.7% in the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock worth $231,000 after purchasing an additional 20 shares in the last quarter. OLD National Bancorp IN grew its stake in Martin Marietta Materials by 4.5% during the 4th quarter. OLD National Bancorp IN now owns 483 shares of the construction company's stock worth $249,000 after buying an additional 21 shares during the last quarter. Finally, Signaturefd LLC increased its position in Martin Marietta Materials by 2.6% during the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock valued at $431,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

MLM traded up $1.37 on Thursday, reaching $561.41. 141,613 shares of the company's stock were exchanged, compared to its average volume of 484,629. The stock has a market cap of $33.84 billion, a PE ratio of 17.36, a P/E/G ratio of 4.45 and a beta of 0.89. The stock's fifty day moving average price is $505.40 and its 200-day moving average price is $528.16. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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 issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.56%. Martin Marietta Materials's payout ratio is 18.20%.

Wall Street Analyst Weigh In

MLM has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Loop Capital decreased their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Wall Street Zen raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus upped their price target on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. 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 Activity

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

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.