National Bank of Canada FI Lowers Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

National Bank of Canada FI trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,627 shares of the construction company's stock after selling 15,325 shares during the quarter. National Bank of Canada FI's holdings in Martin Marietta Materials were worth $14,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in Martin Marietta Materials by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock worth $421,000 after buying an additional 19 shares during the period. Checchi Capital Advisers LLC raised its stake in Martin Marietta Materials by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock valued at $690,000 after purchasing an additional 19 shares during the period. iA Global Asset Management Inc. lifted its holdings in Martin Marietta Materials by 3.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock worth $307,000 after purchasing an additional 20 shares in the last quarter. Brooklyn Investment Group grew its holdings in Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after buying an additional 20 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Martin Marietta Materials by 4.5% during the fourth quarter. OLD National Bancorp IN now owns 483 shares of the construction company's stock valued at $249,000 after buying an additional 21 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MLM shares. Raymond James cut their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Barclays decreased their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Morgan Stanley cut their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $609.43.

Insider Buying and Selling

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares of the company's stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael J. Petro bought 550 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Stock Performance

NYSE MLM traded down $13.99 on Thursday, hitting $467.64. 105,876 shares of the company's stock traded hands, compared to its average volume of 559,665. The firm's 50-day moving average price is $492.55 and its two-hundred day moving average price is $534.52. The firm has a market capitalization of $28.51 billion, a PE ratio of 14.45, a P/E/G ratio of 4.45 and a beta of 0.81. 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, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share 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 expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.68%. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

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.