Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Raised by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,046 shares of the construction company’s stock after purchasing an additional 289 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Martin Marietta Materials were worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Martin Marietta Materials by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company’s stock worth $3,705,466,000 after purchasing an additional 36,531 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock worth $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Martin Marietta Materials by 11.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company’s stock worth $939,898,000 after purchasing an additional 191,043 shares during the last quarter. Amundi increased its position in shares of Martin Marietta Materials by 10.5% in the 4th quarter. Amundi now owns 1,562,146 shares of the construction company’s stock worth $808,005,000 after purchasing an additional 148,065 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Martin Marietta Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company’s stock worth $758,499,000 after purchasing an additional 32,082 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Activity at Martin Marietta Materials

In other news, SVP Michael J. Petro bought 550 shares of the company’s stock in a transaction 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 transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MLM shares. UBS Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $548.00 to $634.00 in a research report on Friday. Truist Financial lowered their price objective on shares of 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. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. 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, StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $610.69.

Martin Marietta Materials Stock Up 2.1%

MLM stock opened at $564.51 on Monday. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23. The firm has a market cap of $34.03 billion, a PE ratio of 17.46, a P/E/G ratio of 4.45 and a beta of 0.89. The firm has a 50 day simple moving average of $499.71 and a 200 day simple moving average of $528.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results 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 business had revenue of $1.35 billion during 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 firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS. Equities research analysts forecast 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 $0.79 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.56%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 18.20%.

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.