Independent Solutions Wealth Management LLC Decreases Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Independent Solutions Wealth Management LLC lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 19.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 486 shares of the construction company’s stock after selling 118 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Martin Marietta Materials were worth $251,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Franklin Street Advisors Inc. NC raised its holdings in Martin Marietta Materials by 15.5% during the 4th 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 last quarter. Sanctuary Advisors LLC raised its stake in shares of Martin Marietta Materials by 18.5% during the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock valued at $4,914,000 after acquiring an additional 1,286 shares during the last quarter. RMR Wealth Builders boosted its holdings 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 worth $1,235,000 after purchasing an additional 1,941 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Martin Marietta Materials by 2,448.1% in the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,322 shares during the last quarter. Finally, InTrack Investment Management Inc increased its holdings in Martin Marietta Materials by 33.9% during the 4th quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company’s stock valued at $1,784,000 after purchasing an additional 872 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro acquired 550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction dated 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 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. Company insiders own 0.68% of the company’s stock.

Martin Marietta Materials Trading Down 1.3 %

NYSE MLM opened at $483.84 on Friday. Martin Marietta Materials, Inc. has a 12 month low of $448.50 and a 12 month high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $511.89 and its 200-day moving average price is $539.58. The stock has a market cap of $29.50 billion, a P/E ratio of 14.97, a P/E/G ratio of 4.45 and a beta of 0.89.

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

Martin Marietta Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $640.00 to $560.00 in a research report on Wednesday. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a research report on Wednesday, December 11th. Finally, Citigroup reduced their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $628.64.

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.