Ensign Peak Advisors Inc Acquires 1,145 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Ensign Peak Advisors Inc increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,245 shares of the construction company’s stock after acquiring an additional 1,145 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Martin Marietta Materials were worth $11,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MLM. Lee Danner & Bass Inc. purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $28,000. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials in the fourth quarter worth about $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials in the fourth quarter worth about $35,000. Hopwood Financial Services Inc. purchased a new stake in Martin Marietta Materials in the fourth quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company’s 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Petro bought 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, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. The trade was a 6.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.69% of the company’s stock.

Martin Marietta Materials Stock Up 2.1%

NYSE MLM opened at $553.36 on Tuesday. Martin Marietta Materials, Inc. has a 52 week low of $441.95 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 capitalization of $33.36 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock’s 50-day moving average price is $493.01 and its 200-day moving average price is $528.85.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.93 EPS. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials’s payout ratio is currently 18.20%.

Analysts Set New Price Targets

MLM has been the topic of several analyst reports. Barclays dropped their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. UBS Group cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price objective for the company. in a report on Monday, April 7th. Raymond James dropped their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. StockNews.com upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus increased their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $599.69.

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.