AlphaQuest LLC Has $160,000 Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

AlphaQuest LLC lowered its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 79.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 310 shares of the construction company's stock after selling 1,194 shares during the period. AlphaQuest LLC's holdings in Martin Marietta Materials were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after purchasing an additional 704,460 shares in the last quarter. Victory Capital Management Inc. increased its stake in Martin Marietta Materials by 0.7% during the third quarter. Victory Capital Management Inc. now owns 36,031 shares of the construction company's stock valued at $19,394,000 after purchasing an additional 246 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Martin Marietta Materials by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 1,963 shares of the construction company's stock worth $1,057,000 after buying an additional 22 shares during the last quarter. ING Groep NV bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at about $1,601,000. Finally, AMG National Trust Bank lifted its holdings in Martin Marietta Materials by 16.5% in the third quarter. AMG National Trust Bank now owns 438 shares of the construction company's stock worth $236,000 after acquiring an additional 62 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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Martin Marietta Materials Price Performance

Martin Marietta Materials stock traded down $6.29 during midday trading on Friday, hitting $477.49. The company's stock had a trading volume of 853,834 shares, compared to its average volume of 460,300. Martin Marietta Materials, Inc. has a 12 month low of $448.50 and a 12 month high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $511.89 and its 200-day moving average price is $539.58. The company has a market capitalization of $29.11 billion, a PE ratio of 14.77, a price-to-earnings-growth 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 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%. Analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Insider Buying and Selling

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 company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James cut their price target on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus began coverage on Martin Marietta Materials in a research note on Tuesday, March 4th. They issued a "buy" rating and a $559.00 target price on the stock. Truist Financial lowered their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $640.00 to $560.00 in a research report on Wednesday. Finally, Barclays dropped their price target on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $628.64.

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.