TD Private Client Wealth LLC Buys 36 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

TD Private Client Wealth LLC grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 850 shares of the construction company’s stock after buying an additional 36 shares during the period. TD Private Client Wealth LLC’s holdings in Martin Marietta Materials were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth $32,000. Kestra Investment Management LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter worth $35,000. Hopwood Financial Services Inc. bought a new stake in Martin Marietta Materials during the fourth quarter valued at $36,000. Finally, EverSource Wealth Advisors LLC grew its position in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after buying an additional 34 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Up 2.8 %

Shares of NYSE MLM opened at $490.51 on Tuesday. The firm’s fifty day moving average is $510.82 and its 200 day moving average is $539.41. Martin Marietta Materials, Inc. has a 52 week low of $448.50 and a 52 week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The company has a market cap of $29.91 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating 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%. On average, equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.64%. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wolfe Research raised Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target on the stock in a report on Wednesday, January 8th. Barclays dropped their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. Citigroup cut their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $628.64.

Insider Activity

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Petro acquired 550 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the transaction, 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. 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.