Martin Marietta Materials, Inc. (NYSE:MLM) Position Trimmed by Nitorum Capital L.P.

Nitorum Capital L.P. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,689 shares of the construction company's stock after selling 6,888 shares during the quarter. Martin Marietta Materials makes up 6.6% of Nitorum Capital L.P.'s portfolio, making the stock its 3rd biggest holding. Nitorum Capital L.P. owned 0.18% of Martin Marietta Materials worth $57,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MLM. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC bought a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at approximately $35,000. Hopwood Financial Services Inc. purchased a new position in Martin Marietta Materials during the 4th quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 in the last quarter. Institutional investors own 95.04% of the company's stock.

Insider Buying and Selling

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

Martin Marietta Materials Trading Up 0.1 %

MLM traded up $0.53 on Tuesday, reaching $503.43. 491,627 shares of the company traded hands, compared to its average volume of 486,359. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The firm has a fifty day simple moving average of $483.08 and a two-hundred day simple moving average of $531.26. The company has a market cap of $30.51 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. 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 (NYSE:MLM - Get Free Report) last issued 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%. As a group, equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MLM shares. Raymond James cut their price target on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Barclays cut their price target on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus assumed coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They issued a "buy" rating and a $559.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $599.38.

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.