3,453 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,453 shares of the construction company's stock, valued at approximately $1,783,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Martin Marietta Materials by 23.3% in the third 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 during the period. FMR LLC boosted its stake in shares of Martin Marietta Materials by 15.3% in the third quarter. FMR LLC now owns 2,515,441 shares of the construction company's stock worth $1,353,936,000 after buying an additional 334,605 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Martin Marietta Materials by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company's stock worth $939,898,000 after acquiring an additional 191,043 shares during the period. Amundi boosted its position in Martin Marietta Materials by 10.5% in the 4th quarter. Amundi now owns 1,562,146 shares of the construction company's stock worth $808,005,000 after purchasing an additional 148,065 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Martin Marietta Materials by 54,277.3% during the 4th quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock worth $474,370,000 after purchasing an additional 916,743 shares during the period. Hedge funds and other institutional investors own 95.04% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial dropped their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. StockNews.com lowered Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a report on Friday. HSBC raised Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. Finally, Stephens lowered their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials currently has an average rating of "Moderate Buy" and an average target price of $628.64.

Insiders Place Their Bets

In related news, SVP Michael J. Petro acquired 550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company'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. The trade was 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.

Martin Marietta Materials Trading Down 0.5 %

Shares of NYSE MLM traded down $2.38 during trading on Tuesday, reaching $488.31. The stock had a trading volume of 361,074 shares, compared to its average volume of 564,741. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The company has a market cap of $29.77 billion, a P/E ratio of 15.10, a PEG ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The business's 50-day moving average price is $510.82 and its 200-day moving average price is $539.41.

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 for the quarter, beating the consensus estimate 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 predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.65%. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

Martin Marietta Materials 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.