Ossiam Buys 19,015 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Ossiam grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 8,339.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,243 shares of the construction company's stock after acquiring an additional 19,015 shares during the quarter. Ossiam's holdings in Martin Marietta Materials were worth $9,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Martin Marietta Materials in the fourth quarter worth $28,000. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials during the fourth quarter worth about $35,000. Hopwood Financial Services Inc. bought a new position in Martin Marietta Materials in the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC lifted 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 worth $37,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 95.04% of the company's stock.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction 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 owns 3,523 shares in the company, valued at $1,673,425. The trade was a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Petro acquired 550 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MLM shares. Stifel Nicolaus started coverage on shares of Martin Marietta Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $559.00 target price on the stock. UBS Group cut shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price objective on the stock. in a research report on Monday, April 7th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Finally, Raymond James reduced their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and a consensus price target of $599.62.

Martin Marietta Materials Stock Performance

NYSE:MLM traded up $10.48 during mid-day trading on Thursday, reaching $508.82. The company's stock had a trading volume of 151,124 shares, compared to its average volume of 485,597. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock has a market cap of $30.83 billion, a P/E ratio of 15.75, a PEG ratio of 4.45 and a beta of 0.81. The firm's fifty day moving average price is $484.39 and its two-hundred day moving average price is $531.76. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 EPS 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, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS 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. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials's dividend payout ratio is presently 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.