Cerity Partners LLC Has $13.66 Million Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Cerity Partners LLC trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,541 shares of the construction company's stock after selling 761 shares during the quarter. Cerity Partners LLC's holdings in Martin Marietta Materials were worth $13,659,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth $32,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth about $35,000. Hopwood Financial Services Inc. acquired a new position in Martin Marietta Materials during the fourth quarter worth $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MLM. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target on the stock in a research note on Wednesday, January 8th. Barclays dropped their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Raymond James lowered their target price on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Truist Financial dropped their target price 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. Finally, JPMorgan Chase & Co. downgraded 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 note on Wednesday, March 19th. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $609.43.

Martin Marietta Materials Trading Down 0.1 %

Shares of Martin Marietta Materials stock traded down $0.75 during trading on Tuesday, hitting $502.18. 68,082 shares of the company were exchanged, compared to its average volume of 488,044. The firm's fifty day moving average price is $489.70 and its 200 day moving average price is $533.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The firm has a market capitalization of $30.62 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23.

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

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.63%. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

Insider Activity

In other news, SVP Michael J. Petro bought 550 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 approximately $1,673,425. This trade represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.