Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Syon Capital LLC

Syon Capital LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 16.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 916 shares of the construction company’s stock after acquiring an additional 131 shares during the quarter. Syon Capital LLC’s holdings in Martin Marietta Materials were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MLM. Pinnacle Bancorp Inc. bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth $26,000. Exchange Traded Concepts LLC purchased a new stake in Martin Marietta Materials in the 4th quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Martin Marietta Materials by 74.3% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock worth $30,000 after acquiring an additional 26 shares in the last quarter. MV Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 144.4% during the 3rd quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at approximately $34,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $605.17 on Friday. Martin Marietta Materials, Inc. has a one year low of $345.03 and a one year high of $626.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. The stock has a market cap of $37.35 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.96. The stock has a 50-day moving average of $593.37 and a 200-day moving average of $515.98.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.67. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that Martin Marietta Materials, Inc. will post 21.3 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were issued a $0.74 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.49%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 15.72%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MLM. Truist Financial raised their target price on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their price objective on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Citigroup raised their target price on Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $376.00 to $543.00 in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $588.69.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the sale, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the sale, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the transaction, the chief executive officer now owns 134,640 shares in the company, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. Insiders sold a total of 26,724 shares of company stock worth $16,033,760 in the last three months. Insiders own 0.61% of the company’s stock.

Martin Marietta Materials Company 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.