416 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by PDS Planning Inc

PDS Planning Inc acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 416 shares of the construction company’s stock, valued at approximately $208,000.

Several other hedge funds have also bought and sold shares of MLM. Pinnacle Bancorp Inc. bought a new position in shares of Martin Marietta Materials in the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group lifted its position in Martin Marietta Materials by 74.3% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock valued at $30,000 after purchasing an additional 26 shares during the period. MV Capital Management Inc. lifted its position in Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 39 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at approximately $34,000. Institutional investors own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

In other news, Director Sue W. Cole sold 1,724 shares of the 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 completion of the sale, the director now directly owns 19,793 shares of the company’s stock, valued at $10,757,099.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Sue W. Cole sold 1,724 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the completion of the transaction, the director now directly owns 19,793 shares of the company’s stock, valued at $10,757,099.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roselyn R. Bar sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the transaction, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The disclosure for this sale can be found here. Insiders sold a total of 26,724 shares of company stock valued at $16,033,760 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of NYSE MLM opened at $594.68 on Wednesday. The firm has a fifty day moving average price of $589.77 and a 200-day moving average price of $513.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. The stock has a market cap of $36.70 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.83 and a beta of 0.96. Martin Marietta Materials, Inc. has a 1 year low of $343.79 and a 1 year high of $626.67.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.67. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 earnings per share. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 21.24 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 Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a $0.74 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.50%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 15.72%.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of 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 shares of Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their price objective for the company from $376.00 to $543.00 in a research report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Morgan Stanley started coverage on shares of Martin Marietta Materials in a report on Monday, January 8th. They set an “overweight” rating and a $595.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $588.69.

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.