Tredje AP fonden Sells 4,885 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Tredje AP fonden lessened its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,586 shares of the construction company's stock after selling 4,885 shares during the quarter. Tredje AP fonden's holdings in Martin Marietta Materials were worth $12,699,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $32,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials during the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after buying an additional 34 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Martin Marietta Materials during the 4th quarter worth $41,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Loop Capital cut their target price on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Truist Financial lowered their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. BNP Paribas lowered Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Hsbc Global Res upgraded shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $634.36.

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Martin Marietta Materials Price Performance

NYSE:MLM traded down $1.03 during mid-day trading on Tuesday, hitting $487.70. The company's stock had a trading volume of 602,366 shares, compared to its average volume of 457,826. The company has a market capitalization of $29.74 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 4.45 and a beta of 0.89. 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, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The stock has a fifty day moving average of $513.52 and a 200-day moving average of $540.64.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results 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 return on equity of 12.11% and a net margin of 30.54%. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. Martin Marietta Materials's dividend payout ratio is presently 9.77%.

Insider Transactions at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares of the company's stock, valued at $1,673,425. The trade was a 27.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the transaction, the senior vice president now owns 8,985 shares in the company, valued at $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.68% of the stock is owned by insiders.

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.