XTX Topco Ltd Makes New $353,000 Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

XTX Topco Ltd bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 683 shares of the construction company's stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MLM. Franklin Street Advisors Inc. NC lifted its stake in shares of Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company's stock valued at $13,037,000 after buying an additional 3,384 shares during the period. RMR Wealth Builders raised its stake in shares of Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company's stock valued at $1,235,000 after purchasing an additional 1,941 shares during the period. InTrack Investment Management Inc grew its stake in shares of Martin Marietta Materials by 33.9% during the fourth quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company's stock valued at $1,784,000 after acquiring an additional 872 shares in the last quarter. Fifth Third Bancorp boosted its stake in Martin Marietta Materials by 24.6% during the 4th quarter. Fifth Third Bancorp now owns 7,005 shares of the construction company's stock valued at $3,618,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Martin Marietta Materials by 64.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock worth $1,047,000 after purchasing an additional 796 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stephens reduced their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Citigroup reduced their target price on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a report on Monday, January 6th. Loop Capital cut their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Truist Financial decreased their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $599.62.

Insider Activity at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael J. Petro bought 550 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is owned by corporate insiders.

Martin Marietta Materials Price Performance

MLM stock traded down $2.24 during mid-day trading on Tuesday, reaching $500.66. 44,984 shares of the company traded hands, compared to its average volume of 536,862. The company has a fifty day moving average price of $483.08 and a 200-day moving average price of $531.26. 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, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a market capitalization of $30.34 billion, a P/E ratio of 15.49, a P/E/G ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's payout ratio is currently 9.77%.

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.