Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,875 shares of the construction company's stock after selling 656 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Martin Marietta Materials were worth $2,001,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ironsides Asset Advisors LLC lifted its holdings in Martin Marietta Materials by 171.6% during the 4th quarter. Ironsides Asset Advisors LLC now owns 2,260 shares of the construction company's stock worth $1,167,000 after buying an additional 1,428 shares in the last quarter. Choate Investment Advisors raised its stake in shares of Martin Marietta Materials by 5.9% in the fourth quarter. Choate Investment Advisors now owns 595 shares of the construction company's stock valued at $307,000 after acquiring an additional 33 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Martin Marietta Materials by 2.9% in the fourth quarter. Natixis Advisors LLC now owns 100,353 shares of the construction company's stock valued at $51,832,000 after purchasing an additional 2,799 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Martin Marietta Materials by 1.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 473,632 shares of the construction company's stock worth $244,631,000 after purchasing an additional 5,850 shares in the last quarter. Finally, Aviso Financial Inc. increased its holdings in Martin Marietta Materials by 19.5% during the 4th quarter. Aviso Financial Inc. now owns 2,956 shares of the construction company's stock worth $1,527,000 after purchasing an additional 482 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

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Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock traded down $2.38 during trading on Tuesday, reaching $488.31. The company's stock had a trading volume of 361,074 shares, compared to its average volume of 460,834. The company has a 50-day moving average price of $510.82 and a two-hundred day moving average price of $539.41. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The firm has a market cap of $29.77 billion, a PE ratio of 15.10, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56.

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, beating analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus started coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $559.00 price objective for the company. Raymond James lowered 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 report on Thursday, February 13th. HSBC upgraded shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. Barclays lowered their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $628.64.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials 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 transaction of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Petro bought 550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This represents 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 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.