989 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 989 shares of the construction company's stock, valued at approximately $511,000.

Other large investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in shares of Martin Marietta Materials by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock worth $421,000 after acquiring an additional 19 shares during the period. Checchi Capital Advisers LLC raised its holdings in shares of 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 acquiring an additional 19 shares in the last quarter. iA Global Asset Management Inc. grew its position in Martin Marietta Materials by 3.6% in the third 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 in the last quarter. Brooklyn Investment Group grew its holdings in Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after purchasing an additional 20 shares during the last quarter. Finally, OLD National Bancorp IN grew 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 buying an additional 21 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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Martin Marietta Materials Stock Up 1.5 %

MLM stock traded up $7.51 during trading on Monday, hitting $499.20. 51,111 shares of the company's stock were exchanged, compared to its average volume of 487,880. The business has a 50-day moving average price of $490.42 and a two-hundred day moving average price of $533.75. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week 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 stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results 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, equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro acquired 550 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 trade 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.

Analyst Ratings Changes

MLM has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. 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. Barclays reduced 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 report on Thursday, February 13th. Stifel Nicolaus assumed coverage on shares of Martin Marietta Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $559.00 price objective on the stock. Finally, Loop Capital lowered their target price on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $609.43.

About Martin Marietta Materials

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.