New Age Alpha Advisors LLC Purchases New Position in Martin Marietta Materials, Inc. (NYSE:MLM)

New Age Alpha Advisors LLC bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,733 shares of the construction company's stock, valued at approximately $895,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Martin Marietta Materials by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company's stock worth $3,705,466,000 after buying an additional 36,531 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after acquiring an additional 506,705 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Martin Marietta Materials by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company's stock worth $939,898,000 after acquiring an additional 191,043 shares in the last quarter. Amundi boosted its position in Martin Marietta Materials by 10.5% during the fourth quarter. Amundi now owns 1,562,146 shares of the construction company's stock valued at $808,005,000 after purchasing an additional 148,065 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Martin Marietta Materials by 54,277.3% in the fourth quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock valued at $474,370,000 after purchasing an additional 916,743 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Martin Marietta Materials

In related news, SVP Michael J. Petro acquired 550 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were bought 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 of the company's stock, valued at $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's 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 completion of the sale, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MLM. Morgan Stanley lowered their price target on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. HSBC raised shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 target price for the company in a research report on Wednesday, December 11th. Loop Capital cut their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Wolfe Research upgraded Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus price target of $626.50.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock traded down $14.64 during mid-day trading on Friday, reaching $470.33. The company had a trading volume of 889,629 shares, compared to its average volume of 483,187. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 4.45 and a beta of 0.81. The company has a 50 day moving average of $500.39 and a 200-day moving average of $537.18. Martin Marietta Materials, Inc. has a 52 week low of $448.50 and a 52 week high of $633.23.

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

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.67%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

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.