Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Tran Capital Management L.P.

Tran Capital Management L.P. cut its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,616 shares of the construction company's stock after selling 2,594 shares during the period. Martin Marietta Materials accounts for 3.0% of Tran Capital Management L.P.'s investment portfolio, making the stock its 15th largest holding. Tran Capital Management L.P. owned approximately 0.08% of Martin Marietta Materials worth $26,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. grew its stake in shares of Martin Marietta Materials by 411.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock valued at $25,000 after purchasing an additional 37 shares during the last quarter. Asset Dedication LLC grew its position in Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC purchased a new position in Martin Marietta Materials during the 3rd quarter worth $49,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 0.1 %

Shares of NYSE MLM traded down $0.37 during trading on Friday, hitting $548.40. 293,651 shares of the company traded hands, compared to its average volume of 305,094. The firm has a market capitalization of $33.52 billion, a P/E ratio of 17.09, a P/E/G ratio of 3.21 and a beta of 0.91. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $550.81 and a 200-day moving average price of $551.52. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Martin Marietta Materials's revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $6.94 EPS. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a dividend of $0.79 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. Martin Marietta Materials's dividend payout ratio (DPR) is 9.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MLM. HSBC upgraded shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price target on the stock in a research note on Wednesday, December 11th. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target on the stock in a research note on Wednesday, January 8th. Loop Capital raised their price objective on Martin Marietta Materials from $600.00 to $680.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Barclays raised their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Finally, Morgan Stanley cut their price target on Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Martin Marietta Materials currently has an average rating of "Moderate Buy" and an average target price of $648.71.

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.