Forum Financial Management LP Has $349,000 Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Forum Financial Management LP reduced its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 44.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 675 shares of the construction company's stock after selling 537 shares during the period. Forum Financial Management LP's holdings in Martin Marietta Materials were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth approximately $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 34 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 0.8 %

Shares of MLM traded down $4.25 during trading hours on Friday, reaching $505.00. The stock had a trading volume of 327,918 shares, compared to its average volume of 486,969. The firm has a 50-day moving average of $483.45 and a 200 day moving average of $531.55. 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 company has a market cap of $30.60 billion, a P/E ratio of 15.62, a P/E/G ratio of 4.45 and a beta of 0.81. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week 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 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%. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus began coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They issued a "buy" rating and a $559.00 price objective on the stock. Truist Financial lowered their price objective on 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. Citigroup cut their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $599.62.

Insider Buying and Selling

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business'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 value of $632,700.00. Following the sale, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael J. Petro purchased 550 shares of Martin Marietta Materials 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 transaction, the senior vice president now owns 8,985 shares in the company, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company's stock.

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.