GKV Capital Management Co. Inc. Purchases Shares of 3,951 Martin Marietta Materials, Inc. (NYSE:MLM)

GKV Capital Management Co. Inc. acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,951 shares of the construction company's stock, valued at approximately $2,041,000.

Several other hedge funds have also modified their holdings of the stock. Lee Danner & Bass Inc. purchased a new stake in Martin Marietta Materials during the 4th quarter worth $28,000. Whipplewood Advisors LLC bought a new stake in Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth approximately $35,000. Hopwood Financial Services Inc. bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 34 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 0.9 %

NYSE:MLM traded up $4.59 during trading hours on Tuesday, reaching $489.66. The company's stock had a trading volume of 302,677 shares, compared to its average volume of 484,817. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The business's 50-day moving average is $485.78 and its 200-day moving average is $532.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share 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%. Equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is 9.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MLM shares. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price target for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. Citigroup decreased their price target 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. Finally, Stifel Nicolaus assumed coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $559.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of "Moderate Buy" and an average price target of $599.62.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the 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 completion of the sale, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. This represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Petro acquired 550 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were bought 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 directly owns 8,985 shares of the company's stock, valued at $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 currently owned by corporate insiders.

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.