Corient Private Wealth LLC Sells 3,352 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Corient Private Wealth LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,026 shares of the construction company's stock after selling 3,352 shares during the quarter. Corient Private Wealth LLC owned about 0.12% of Martin Marietta Materials worth $36,685,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its position in 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 worth $474,370,000 after acquiring an additional 916,743 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock valued at $876,648,000 after acquiring an additional 704,460 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after acquiring an additional 506,705 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth $196,374,000. Finally, FMR LLC raised its position in shares of Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company's stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the period. Institutional investors own 95.04% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MLM. Morgan Stanley dropped their price target on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Hsbc Global Res raised shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Truist Financial reduced 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. 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. Finally, Citigroup reduced their target price on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of "Moderate Buy" and an average target price of $628.64.

Martin Marietta Materials Stock Down 1.3 %

MLM traded down $6.29 during midday trading on Friday, hitting $477.49. 857,512 shares of the company's stock traded hands, compared to its average volume of 460,315. 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 company has a market cap 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. The stock's fifty day simple moving average is $511.89 and its 200-day simple moving average is $539.58. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating 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 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.66%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.77%.

Insider Activity

In other news, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares of the company's stock, valued at $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction 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 represents 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 currently owned by 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.