Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,762 shares of the construction company’s stock after acquiring an additional 4,174 shares during the period. Martin Marietta Materials comprises approximately 2.0% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 21st largest position. Douglass Winthrop Advisors LLC owned 0.32% of Martin Marietta Materials worth $102,144,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MLM. Integrated Wealth Concepts LLC grew its stake in Martin Marietta Materials by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company’s stock worth $421,000 after purchasing an additional 19 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock worth $690,000 after buying an additional 19 shares in the last quarter. iA Global Asset Management Inc. increased its stake in shares of Martin Marietta Materials by 3.6% during the third quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company’s stock worth $307,000 after buying an additional 20 shares during the period. Brooklyn Investment Group raised its holdings in Martin Marietta Materials by 4.7% in the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock valued at $231,000 after acquiring an additional 20 shares in the last quarter. Finally, Financial Counselors Inc. lifted its stake in Martin Marietta Materials by 1.9% in the third quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company’s stock worth $604,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

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

Analyst Upgrades and Downgrades

MLM has been the topic of a number of analyst reports. StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Stifel Nicolaus started coverage on Martin Marietta Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $559.00 price target for the company. Morgan Stanley dropped their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Loop Capital dropped their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus target price of $628.64.

Martin Marietta Materials Stock Down 1.3 %

Shares of NYSE:MLM opened at $483.84 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $448.50 and a 1-year high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. 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. The firm has a fifty day moving average price of $511.89 and a 200 day moving average price of $539.58.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is 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.