3,340 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,340 shares of the construction company's stock, valued at approximately $1,799,000. Martin Marietta Materials makes up approximately 2.1% of RD Lewis Holdings Inc.'s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in MLM. Franklin Street Advisors Inc. NC lifted its position in shares of Martin Marietta Materials by 15.5% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company's stock worth $13,037,000 after buying an additional 3,384 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Martin Marietta Materials by 18.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company's stock worth $4,914,000 after acquiring an additional 1,286 shares during the last quarter. RMR Wealth Builders raised its holdings in shares of Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company's stock worth $1,235,000 after acquiring an additional 1,941 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Martin Marietta Materials by 2,448.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company's stock worth $741,000 after acquiring an additional 1,322 shares in the last quarter. Finally, InTrack Investment Management Inc boosted its position in shares of Martin Marietta Materials by 33.9% during the 4th quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company's stock valued at $1,784,000 after acquiring an additional 872 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

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Insider Buying and Selling at Martin Marietta Materials

In other news, SVP Michael J. Petro acquired 550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares of the company's stock, valued at $4,082,514.45. The trade was a 6.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction dated 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 approximately $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MLM. 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. Stifel Nicolaus started coverage on shares of Martin Marietta Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $559.00 target price on the stock. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target for the company in a report on Wednesday, January 8th. Truist Financial reduced their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $628.64.

Martin Marietta Materials Trading Down 1.3 %

Shares of NYSE MLM traded down $6.29 during mid-day trading on Friday, reaching $477.49. The company had a trading volume of 857,512 shares, compared to its average volume of 460,315. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52 week low of $448.50 and a 52 week high of $633.23. The business's 50-day moving average is $511.89 and its 200-day moving average is $539.58. 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 (NYSE:MLM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.66%. Martin Marietta Materials's 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.