804 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 804 shares of the construction company's stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in shares of 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 purchasing an additional 19 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Martin Marietta Materials by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock valued at $690,000 after purchasing an additional 19 shares during the period. iA Global Asset Management Inc. grew its stake in Martin Marietta Materials by 3.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock worth $307,000 after buying an additional 20 shares during the last quarter. Brooklyn Investment Group increased its position in 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 period. Finally, Financial Counselors Inc. lifted its stake in Martin Marietta Materials by 1.9% in the third quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company's stock valued at $604,000 after buying an additional 21 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Martin Marietta Materials

In related news, SVP Michael J. Petro purchased 550 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the purchase, the senior vice president now owns 8,985 shares of the company's stock, valued at $4,082,514.45. This trade represents a 6.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM traded down $2.38 during trading hours on Tuesday, hitting $488.31. 361,074 shares of the company's stock traded hands, compared to its average volume of 460,956. The company's fifty day simple moving average is $510.24 and its two-hundred day simple moving average is $539.31. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a 52 week low of $448.50 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. BNP Paribas cut shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Citigroup cut their price target on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Raymond James decreased their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, HSBC raised Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 target price on the stock in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $628.64.

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.