Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Gardner Russo & Quinn LLC

Gardner Russo & Quinn LLC cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 707,010 shares of the construction company's stock after selling 43,062 shares during the period. Martin Marietta Materials comprises approximately 4.1% of Gardner Russo & Quinn LLC's investment portfolio, making the stock its 9th biggest holding. Gardner Russo & Quinn LLC owned approximately 1.16% of Martin Marietta Materials worth $365,171,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Martin Marietta Materials in the fourth quarter valued at $28,000. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials during the fourth quarter worth about $35,000. Hopwood Financial Services Inc. acquired a new position in Martin Marietta Materials during the fourth quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC increased its position in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after buying an additional 34 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Insider Buying and Selling at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Petro purchased 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares in the company, valued at $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company's stock.

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Martin Marietta Materials Price Performance

Shares of MLM traded up $0.39 during trading hours on Monday, hitting $478.39. 568,283 shares of the company were exchanged, compared to its average volume of 479,669. 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 fifty-two week low of $448.50 and a fifty-two week high of $633.23. The company has a market cap of $29.17 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 4.45 and a beta of 0.89. The firm's fifty day moving average is $507.03 and its 200 day moving average is $538.78.

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 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, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.66%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials's payout ratio is presently 9.77%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MLM. Seaport Res Ptn raised Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus began coverage on shares of Martin Marietta Materials in a report on Tuesday, March 4th. They issued a "buy" rating and a $559.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. BNP Paribas lowered shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Barclays cut their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. One equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $628.64.

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.