Susquehanna Fundamental Investments LLC Purchases Shares of 29,729 Martin Marietta Materials, Inc. (NYSE:MLM)

Susquehanna Fundamental Investments LLC bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,729 shares of the construction company's stock, valued at approximately $15,355,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MLM. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth $35,000. Hopwood Financial Services Inc. acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at $36,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Insiders Place Their Bets

In related news, SVP Michael J. Petro acquired 550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 of the company's stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Martin Marietta Materials Stock Performance

NYSE:MLM traded down $0.32 during mid-day trading on Thursday, reaching $523.66. 489,577 shares of the company's stock were exchanged, compared to its average volume of 546,843. The business's fifty day simple moving average is $483.73 and its two-hundred day simple moving average is $531.02. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The firm has a market capitalization of $31.73 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

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

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.60%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. Loop Capital reduced their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Wolfe Research upgraded Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a report on Wednesday, January 8th. Finally, StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $603.23.

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.