Dynamic Technology Lab Private Ltd Invests $511,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

Dynamic Technology Lab Private Ltd bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 989 shares of the construction company’s stock, valued at approximately $511,000.

Several other large investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter valued at $28,000. Whipplewood Advisors LLC acquired a new position in Martin Marietta Materials in the fourth quarter valued at $32,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials in the fourth quarter valued at $35,000. Hopwood Financial Services Inc. purchased a new stake in Martin Marietta Materials during the fourth quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 34 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Seaport Res Ptn upgraded Martin Marietta Materials to a “strong-buy” rating in a report on Friday, March 21st. Raymond James dropped their price objective on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group lowered shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 target price on the stock. in a report on Monday. 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 report on Wednesday, January 8th. Finally, HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $609.43.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares of the company’s stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Petro purchased 550 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by insiders.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $451.55 on Wednesday. The firm has a market cap of $27.53 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 4.45 and a beta of 0.81. 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 business’s 50 day moving average is $495.06 and its two-hundred day moving average is $535.32. Martin Marietta Materials, Inc. has a 52-week low of $442.89 and a 52-week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted 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%. Analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials’s dividend 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.