Russell Investments Group Ltd. Has $57.38 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Russell Investments Group Ltd. lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 76.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,943 shares of the construction company’s stock after buying an additional 48,080 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Martin Marietta Materials worth $57,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MLM. Lee Danner & Bass Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter worth $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials in the 4th quarter worth $32,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth $35,000. Hopwood Financial Services Inc. bought a new stake in Martin Marietta Materials in the fourth quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Martin Marietta Materials by 91.9% in the fourth 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 period. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

NYSE MLM opened at $470.33 on Monday. The firm’s 50 day moving average is $500.39 and its 200-day moving average is $537.21. 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 capitalization of $28.68 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. Martin Marietta Materials, Inc. has a 12-month low of $430.00 and a 12-month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (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%. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.67%. Martin Marietta Materials’s dividend payout ratio is 9.77%.

Insiders Place Their Bets

In other news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials 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 owns 3,523 shares of the company’s stock, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael J. Petro acquired 550 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MLM shares. Truist Financial lowered 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. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays reduced their price target on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Loop Capital lowered their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus initiated coverage on Martin Marietta Materials in a research note on Tuesday, March 4th. They set a “buy” rating and a $559.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $626.50.

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.