2,758 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,758 shares of the construction company’s stock, valued at approximately $1,435,000.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. Morgan Stanley reduced their price target 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. Stifel Nicolaus started coverage on Martin Marietta Materials in a report on Tuesday, March 4th. They issued a “buy” rating and a $559.00 price objective for the company. Loop Capital reduced their target price on 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. Finally, Truist Financial dropped their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. 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 two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $628.64.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $485.04 on Friday. The company has a market capitalization of $29.57 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. The company’s 50-day moving average is $508.34 and its 200 day moving average is $538.54.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS 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%. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal 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 paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Insider Activity

In related news, SVP Michael J. Petro bought 550 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the purchase, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $632,700.00. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.