Sei Investments Co. Has $81.35 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Sei Investments Co. lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,504 shares of the construction company's stock after selling 2,070 shares during the period. Sei Investments Co. owned about 0.26% of Martin Marietta Materials worth $81,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MLM. Vestor Capital LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at approximately $4,509,000. Mizuho Securities USA LLC raised its stake in Martin Marietta Materials by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 5,793 shares of the construction company's stock valued at $2,992,000 after purchasing an additional 1,830 shares during the last quarter. Quantbot Technologies LP raised its stake in Martin Marietta Materials by 147.9% in the 4th quarter. Quantbot Technologies LP now owns 2,816 shares of the construction company's stock valued at $1,454,000 after purchasing an additional 1,680 shares during the last quarter. Virtu Financial LLC boosted its position in Martin Marietta Materials by 13.1% during the fourth quarter. Virtu Financial LLC now owns 6,252 shares of the construction company's stock worth $3,229,000 after acquiring an additional 725 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. boosted its stake in Martin Marietta Materials by 10.2% during the fourth quarter. Adams Natural Resources Fund Inc. now owns 5,400 shares of the construction company's stock worth $2,789,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

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Martin Marietta Materials Stock Up 0.4 %

Shares of MLM traded up $2.17 during mid-day trading on Thursday, reaching $485.04. The company's stock had a trading volume of 325,576 shares, compared to its average volume of 460,078. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The business has a fifty day moving average of $509.26 and a 200 day moving average of $538.92. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 1 year low of $448.50 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MLM. Wolfe Research raised 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. Citigroup decreased their price objective on 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. BNP Paribas lowered Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Finally, Morgan Stanley dropped their price target on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $628.64.

Insiders Place Their Bets

In related news, SVP Michael J. Petro acquired 550 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now owns 8,985 shares in the company, valued at $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction dated Wednesday, March 5th. The shares were 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 disclosure for this sale 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.