American Century Companies Inc. Sells 1,090 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

American Century Companies Inc. lowered its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,653 shares of the construction company's stock after selling 1,090 shares during the period. American Century Companies Inc.'s holdings in Martin Marietta Materials were worth $9,634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MLM. 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 worth $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 worth $690,000 after buying an additional 19 shares during the period. iA Global Asset Management Inc. grew its holdings 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 acquiring an additional 20 shares during the last quarter. Brooklyn Investment Group increased its position in Martin Marietta Materials by 4.7% in the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after acquiring an additional 20 shares during the period. Finally, OLD National Bancorp IN raised its stake in shares of Martin Marietta Materials by 4.5% during the fourth quarter. OLD National Bancorp IN now owns 483 shares of the construction company's stock valued at $249,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MLM shares. Stephens cut their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, BNP Paribas downgraded shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $609.43.

Martin Marietta Materials Stock Down 2.4 %

NYSE MLM traded down $11.51 on Monday, hitting $459.19. 936,093 shares of the company were exchanged, compared to its average volume of 484,992. Martin Marietta Materials, Inc. has a 12 month low of $430.00 and a 12 month high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $28.00 billion, a PE ratio of 14.20, a PEG ratio of 4.45 and a beta of 0.81. The stock has a fifty day moving average of $498.65 and a 200-day moving average of $536.58.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings data 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 net margin of 30.54% and a return on equity of 12.11%. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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

Insider Activity

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now 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 document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael J. Petro acquired 550 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. The trade was 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 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.