Generali Asset Management SPA SGR Buys Shares of 3,453 Martin Marietta Materials, Inc. (NYSE:MLM)

Generali Asset Management SPA SGR bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,453 shares of the construction company’s stock, valued at approximately $1,783,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $32,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $35,000. Hopwood Financial Services Inc. purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its stake in Martin Marietta Materials by 91.9% during the 4th 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 in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 1.3 %

MLM opened at $483.84 on Friday. The business has a 50 day moving average price of $511.89 and a 200 day moving average price of $539.58. Martin Marietta Materials, Inc. has a twelve month low of $448.50 and a twelve month 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 cap of $29.50 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 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%. Research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Wolfe Research raised Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research note on Wednesday, January 8th. Citigroup lowered their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Raymond James lowered their price target on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $628.64.

Insider Transactions at Martin Marietta Materials

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the company’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 completion of the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael J. Petro bought 550 shares of the business’s stock in a transaction that occurred 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 purchase, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company’s stock.

Martin Marietta Materials Company 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.