1,411 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by Callan Family Office LLC

Callan Family Office 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 Securities and Exchange Commission. The fund bought 1,411 shares of the construction company's stock, valued at approximately $729,000.

A number of other hedge funds have also modified their holdings of MLM. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials during the third quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $32,000. Kestra Investment Management LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $35,000. R Squared Ltd purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $41,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MLM. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their price target on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Barclays lowered their price target 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. Stifel Nicolaus assumed coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $559.00 price objective for the company. Finally, StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $634.36.

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Martin Marietta Materials Price Performance

MLM opened at $461.02 on Friday. 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, Inc. has a 12 month low of $448.50 and a 12 month high of $633.23. The company has a fifty day simple moving average of $518.87 and a 200 day simple moving average of $543.22. The stock has a market cap of $28.11 billion, a P/E ratio of 14.26, a P/E/G ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.77%.

Insiders Place Their Bets

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade 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 acquired 550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.

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