Boussard & Gavaudan Investment Management LLP Buys Shares of 2,758 Martin Marietta Materials, Inc. (NYSE:MLM)

Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,758 shares of the construction company's stock, valued at approximately $1,435,000.

Several other institutional investors have also added to or reduced their stakes in MLM. Vanguard Group Inc. raised its stake 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 valued at $3,705,466,000 after purchasing an additional 36,531 shares during the period. JPMorgan Chase & Co. raised its position in 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 valued at $1,441,663,000 after buying an additional 506,705 shares during the last quarter. Principal Financial Group Inc. lifted its stake in 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 valued at $939,898,000 after acquiring an additional 191,043 shares in the last quarter. Amundi boosted its position in Martin Marietta Materials by 10.5% during the 4th quarter. Amundi now owns 1,562,146 shares of the construction company's stock worth $808,005,000 after acquiring an additional 148,065 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Martin Marietta Materials by 54,277.3% in the fourth quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock valued at $474,370,000 after purchasing an additional 916,743 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

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Martin Marietta Materials Stock Performance

MLM traded up $0.50 during trading on Monday, hitting $478.50. The stock had a trading volume of 338,432 shares, compared to its average volume of 478,973. The company has a 50 day moving average price of $507.03 and a 200-day moving average price of $538.78. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.66%. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. 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 research report on Thursday, February 13th. Loop Capital cut their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Raymond James lowered their target price on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a report 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have 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 $628.64.

Insider Activity

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the business'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 value of $632,700.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of Martin Marietta Materials stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company's stock.

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.