Quantinno Capital Management LP Has $6.78 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Quantinno Capital Management LP lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,130 shares of the construction company’s stock after buying an additional 1,744 shares during the quarter. Quantinno Capital Management LP’s holdings in Martin Marietta Materials were worth $6,782,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Martin Marietta Materials in the fourth quarter worth $28,000. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $32,000. Kestra Investment Management LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $35,000. Hopwood Financial Services Inc. acquired a new stake in Martin Marietta Materials in the fourth quarter worth $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 worth $37,000 after purchasing an additional 34 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on MLM. Stephens reduced their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Truist Financial reduced their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Morgan Stanley raised their price target on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus raised their price target on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.69.

Martin Marietta Materials Stock Up 2.1%

MLM opened at $564.51 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The company’s 50-day moving average is $497.71 and its 200 day moving average is $528.88. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The firm has a market capitalization of $34.03 billion, a P/E ratio of 17.46, a PEG ratio of 4.45 and a beta of 0.89.

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

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, June 2nd. Martin Marietta Materials’s payout ratio is currently 18.20%.

Insider Activity at Martin Marietta Materials

In other news, SVP Michael J. Petro purchased 550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $4,082,514.45. This trade represents a 6.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction dated 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 directly owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44% decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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.