Triad Wealth Partners LLC Invests $283,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

Triad Wealth Partners LLC acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 548 shares of the construction company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $32,000. First Personal Financial Services bought a new stake in Martin Marietta Materials in the third quarter worth $33,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials in the fourth quarter worth $35,000. Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials in the fourth quarter worth $41,000. Finally, R Squared Ltd bought a new position in shares of Martin Marietta Materials during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of research analyst reports. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Loop Capital reduced their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Wolfe Research upgraded 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 report on Wednesday, January 8th. Finally, Truist Financial reduced their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $634.36.

Insiders Place Their Bets

In other news, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $4,082,514.45. This trade represents a 6.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Trading Up 3.5 %

Shares of NYSE MLM opened at $478.30 on Thursday. 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 business’s 50 day moving average price is $521.35 and its 200-day moving average price is $544.16. Martin Marietta Materials, Inc. has a fifty-two week low of $447.21 and a fifty-two week high of $633.23. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 14.79, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.66%. 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.