Victory Capital Management Inc. Sells 3,006 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Victory Capital Management Inc. lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,025 shares of the construction company's stock after selling 3,006 shares during the period. Victory Capital Management Inc. owned 0.05% of Martin Marietta Materials worth $17,057,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MLM. Whipplewood Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth approximately $35,000. Retirement Wealth Solutions LLC purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $41,000. R Squared Ltd bought a new stake in Martin Marietta Materials during the fourth quarter valued at approximately $41,000. Finally, Midwest Capital Advisors LLC purchased a new position in Martin Marietta Materials in the 4th quarter worth approximately $47,000. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Stock Down 0.8 %

NYSE:MLM opened at $464.59 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23. The firm has a market cap of $28.33 billion, a P/E ratio of 14.37, a P/E/G ratio of 4.45 and a beta of 0.89. The firm has a 50-day simple moving average of $516.77 and a two-hundred day simple moving average of $542.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

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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 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%. Analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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 paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.68%. Martin Marietta Materials's dividend payout ratio (DPR) is currently 9.77%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital reduced their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. StockNews.com cut shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. BNP Paribas lowered shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus price target of $634.36.

Insider Buying and Selling

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

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.

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