Impact Capital Partners LLC Invests $523,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

Impact Capital Partners LLC bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,013 shares of the construction company's stock, valued at approximately $523,000.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in Martin Marietta Materials by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock valued at $421,000 after acquiring an additional 19 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock valued at $690,000 after acquiring an additional 19 shares during the last quarter. iA Global Asset Management Inc. lifted its position in Martin Marietta Materials by 3.6% during the third quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock valued at $307,000 after acquiring an additional 20 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Martin Marietta Materials by 4.7% in the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock worth $231,000 after buying an additional 20 shares during the last quarter. Finally, Financial Counselors Inc. raised its holdings in shares of Martin Marietta Materials by 1.9% in the third quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company's stock worth $604,000 after buying an additional 21 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

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Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $1.03 during trading on Tuesday, hitting $487.70. The company had a trading volume of 602,366 shares, compared to its average volume of 567,932. The stock has a fifty day simple moving average of $513.52 and a two-hundred day simple moving average of $540.64. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The firm has a market capitalization of $29.74 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its 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%. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. Martin Marietta Materials's dividend payout ratio (DPR) is 9.77%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wolfe Research raised shares of 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. Raymond James cut their price objective on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Stephens cut their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Loop Capital cut their price objective on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Hsbc Global Res upgraded shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials has an average rating of "Moderate Buy" and an average price target of $634.36.

Insider Activity

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares of the company's stock, valued at approximately $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company's stock.

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.