Mirabella Financial Services LLP Purchases New Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Mirabella Financial Services LLP bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,477 shares of the construction company's stock, valued at approximately $1,279,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MetLife Investment Management LLC raised its position in Martin Marietta Materials by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 16,332 shares of the construction company's stock worth $8,435,000 after purchasing an additional 277 shares during the period. Natixis increased its position in shares of Martin Marietta Materials by 41.0% in the fourth quarter. Natixis now owns 5,793 shares of the construction company's stock valued at $2,992,000 after acquiring an additional 1,685 shares during the period. Ossiam raised its stake in shares of Martin Marietta Materials by 8,339.9% during the fourth quarter. Ossiam now owns 19,243 shares of the construction company's stock valued at $9,939,000 after acquiring an additional 19,015 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Martin Marietta Materials by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,364 shares of the construction company's stock worth $331,296,000 after purchasing an additional 14,892 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $5,471,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Stock Down 0.8 %

Shares of NYSE:MLM traded down $4.25 during trading on Friday, reaching $505.00. 327,917 shares of the stock traded hands, compared to its average volume of 486,253. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The stock has a market cap of $30.60 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The stock has a 50-day moving average of $484.04 and a two-hundred day moving average of $531.70. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results 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%. As a group, sell-side analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials's payout ratio is presently 9.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James cut their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus initiated 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 for the company. Stephens cut their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Loop Capital decreased their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $599.62.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro bought 550 shares of Martin Marietta Materials stock in a transaction on Tuesday, March 4th. The stock was acquired 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 approximately $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the 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 completion of the sale, 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.