Egerton Capital UK LLP Has $42.50 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Egerton Capital UK LLP trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 59.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,276 shares of the construction company's stock after selling 122,398 shares during the period. Martin Marietta Materials accounts for approximately 0.5% of Egerton Capital UK LLP's holdings, making the stock its 29th largest position. Egerton Capital UK LLP owned about 0.13% of Martin Marietta Materials worth $42,496,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Martin Marietta Materials by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock worth $421,000 after buying an additional 19 shares during the period. Checchi Capital Advisers LLC boosted 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 buying an additional 19 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of 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 buying an additional 20 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock worth $231,000 after buying an additional 20 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in Martin Marietta Materials by 1.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company's stock valued at $604,000 after purchasing an additional 21 shares during the period. 95.04% of the stock is owned by institutional investors.

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Martin Marietta Materials Trading Up 2.8 %

Shares of NYSE MLM traded up $13.06 during mid-day trading on Friday, hitting $478.12. The company's stock had a trading volume of 786,826 shares, compared to its average volume of 456,677. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. The company's fifty day simple moving average is $514.06 and its 200-day simple moving average is $540.88.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (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%. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 0.66%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's payout ratio is 9.77%.

Insider Buying and Selling

In related news, SVP Michael J. Petro bought 550 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost 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. This represents a 6.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm'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 owns 3,523 shares in the company, valued at $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. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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. Stephens dropped their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Loop Capital dropped their target price on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Citigroup dropped their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Raymond James dropped their target price on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average price target of $634.36.

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.