Alliancebernstein L.P. Sells 1,780 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Alliancebernstein L.P. trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,363 shares of the construction company's stock after selling 1,780 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Martin Marietta Materials worth $35,309,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MLM. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $35,000. Hopwood Financial Services Inc. bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 worth $37,000 after acquiring an additional 34 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Martin Marietta Materials

In other news, 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Petro bought 550 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 8,985 shares of the company's stock, valued at $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James decreased their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Truist Financial decreased their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price for the company in a research note on Wednesday, January 8th. Finally, Citigroup decreased 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 note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $609.43.

Martin Marietta Materials Trading Down 2.0 %

Shares of Martin Marietta Materials stock traded down $9.67 during midday trading on Thursday, reaching $471.96. The company had a trading volume of 73,753 shares, compared to its average volume of 485,373. The stock has a fifty day moving average price of $492.55 and a 200 day moving average price of $534.52. 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 firm has a market cap of $28.78 billion, a PE ratio of 14.62, a P/E/G ratio of 4.45 and a beta of 0.81. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data 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, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.67%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) 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.