Russell Investments Group Ltd. Purchases 48,080 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Russell Investments Group Ltd. raised its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 76.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,943 shares of the construction company's stock after purchasing an additional 48,080 shares during the period. Russell Investments Group Ltd. owned 0.18% of Martin Marietta Materials worth $57,375,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Franklin Street Advisors Inc. NC raised its stake in Martin Marietta Materials by 15.5% during 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 during the last quarter. Sanctuary Advisors LLC raised its position in shares of 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 in the last quarter. RMR Wealth Builders lifted its stake in shares of Martin Marietta Materials by 431.3% in the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company's stock valued at $1,235,000 after purchasing an additional 1,941 shares during the period. Benjamin Edwards Inc. boosted its position 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 valued at $741,000 after purchasing an additional 1,322 shares in the last quarter. Finally, InTrack Investment Management Inc grew its stake in Martin Marietta Materials by 33.9% during the fourth quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company's stock worth $1,784,000 after purchasing an additional 872 shares during the period. 95.04% of the stock is owned by institutional investors.

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Martin Marietta Materials Stock Up 3.4 %

Shares of NYSE:MLM traded up $16.39 during mid-day trading on Friday, hitting $491.66. 627,089 shares of the company traded hands, compared to its average volume of 488,559. The stock has a 50-day moving average price of $490.42 and a two-hundred day moving average price of $533.79. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The stock has a market cap of $29.98 billion, a P/E ratio of 15.21, 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 (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, equities research analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials's payout ratio is 9.77%.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of research analyst reports. Citigroup cut their price target on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Raymond James reduced their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Stephens cut their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, Loop Capital decreased their target price on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus target price of $609.43.

Insider Buying and Selling at Martin Marietta Materials

In related news, SVP Michael J. Petro purchased 550 shares of the business's stock in a transaction that occurred 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 acquisition, the senior vice president now owns 8,985 shares of the company's stock, valued at $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

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.