Triad Wealth Partners LLC Takes Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Triad Wealth Partners LLC purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 548 shares of the construction company's stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also made changes to their positions in MLM. Keybank National Association OH increased its position in shares of Martin Marietta Materials by 5.0% during the 4th quarter. Keybank National Association OH now owns 2,637 shares of the construction company's stock valued at $1,362,000 after purchasing an additional 126 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Martin Marietta Materials by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,321 shares of the construction company's stock valued at $205,216,000 after purchasing an additional 14,402 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Martin Marietta Materials by 64.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock valued at $1,047,000 after purchasing an additional 796 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in Martin Marietta Materials by 3.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,106 shares of the construction company's stock valued at $593,000 after purchasing an additional 34 shares during the last quarter. Finally, DJE Kapital AG acquired a new stake in Martin Marietta Materials during the fourth quarter valued at approximately $898,000. 95.04% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on MLM shares. Citigroup dropped their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and increased their price target for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Truist Financial decreased their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective on the stock in a report on Wednesday, January 8th. Finally, BNP Paribas lowered Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $634.36.

Insider Activity

In related 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Petro acquired 550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is owned by company insiders.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded down $14.89 during midday trading on Friday, reaching $461.02. The company had a trading volume of 983,189 shares, compared to its average volume of 447,821. 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 company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock has a fifty day simple moving average of $518.87 and a 200 day simple moving average of $543.22. Martin Marietta Materials, Inc. has a 1-year low of $448.50 and a 1-year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is 9.77%.

Martin Marietta Materials Company 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.