F M Investments LLC Has $5 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

F M Investments LLC boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,681 shares of the construction company's stock after acquiring an additional 894 shares during the quarter. F M Investments LLC's holdings in Martin Marietta Materials were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $28,000. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter worth approximately $32,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter worth $35,000. Hopwood Financial Services Inc. purchased a new position in shares of Martin Marietta Materials in the 4th quarter valued at $36,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analyst Weigh In

MLM has been the subject of several recent research reports. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Morgan Stanley reduced their target price on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Loop Capital lowered their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, UBS Group lowered shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 target price for the company. in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $609.43.

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Insider Transactions at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction that occurred 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 transaction, 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. 0.68% of the stock is owned by insiders.

Martin Marietta Materials Trading Down 0.7 %

Shares of MLM stock traded down $3.75 during trading hours on Tuesday, reaching $499.18. 312,404 shares of the stock traded hands, compared to its average volume of 560,356. The business has a fifty day moving average price of $489.70 and a 200 day moving average price of $533.50. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $30.44 billion, a PE 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 released its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

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 $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.63%. Martin Marietta Materials's dividend payout ratio is 9.77%.

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.