Natixis Advisors LLC Increases Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Natixis Advisors LLC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,353 shares of the construction company's stock after acquiring an additional 2,799 shares during the period. Natixis Advisors LLC owned about 0.16% of Martin Marietta Materials worth $51,832,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Martin Marietta Materials by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock valued at $421,000 after purchasing an additional 19 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of 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 worth $690,000 after buying an additional 19 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in Martin Marietta Materials by 3.6% in the third quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock valued at $307,000 after buying an additional 20 shares in the last quarter. Brooklyn Investment Group grew its position in Martin Marietta Materials by 4.7% in the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after acquiring an additional 20 shares during the last quarter. Finally, Financial Counselors Inc. lifted its holdings in shares of Martin Marietta Materials by 1.9% in the third quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company's stock worth $604,000 after acquiring an additional 21 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

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Insider Activity

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the company's 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Petro purchased 550 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now owns 8,985 shares of the company's stock, 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.

Wall Street Analyst Weigh In

MLM has been the topic of several research reports. Stifel Nicolaus assumed coverage on shares of Martin Marietta Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $559.00 price target on the stock. Loop Capital lowered their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Raymond James cut their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. HSBC raised Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 target price for the company in a report on Wednesday, December 11th. Finally, Hsbc Global Res raised Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $628.64.

Martin Marietta Materials Trading Down 1.3 %

Shares of MLM traded down $6.36 during trading hours on Thursday, hitting $483.84. 464,736 shares of the stock were exchanged, compared to its average volume of 565,248. The firm has a market capitalization of $29.50 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The business has a 50-day moving average of $512.56 and a 200-day moving average of $539.97.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

About Martin Marietta Materials

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.