Virtu Financial LLC Has $3.23 Million Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Virtu Financial LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,252 shares of the construction company's stock after buying an additional 725 shares during the period. Virtu Financial LLC's holdings in Martin Marietta Materials were worth $3,229,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MLM. Franklin Street Advisors Inc. NC grew its holdings in shares of Martin Marietta Materials by 15.5% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company's stock valued at $13,037,000 after acquiring an additional 3,384 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Martin Marietta Materials by 18.5% in the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company's stock valued at $4,914,000 after purchasing an additional 1,286 shares in the last quarter. RMR Wealth Builders increased its position in shares of Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company's stock worth $1,235,000 after purchasing an additional 1,941 shares during the last quarter. Benjamin Edwards Inc. raised its stake 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 worth $741,000 after purchasing an additional 1,322 shares in the last quarter. Finally, InTrack Investment Management Inc boosted its holdings in shares of Martin Marietta Materials by 33.9% in the 4th quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company's stock valued at $1,784,000 after buying an additional 872 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now owns 3,523 shares in the company, 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 SEC, which is available at this hyperlink. Also, SVP Michael J. Petro bought 550 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is owned by corporate insiders.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM traded down $2.38 during midday trading on Tuesday, hitting $488.31. The stock had a trading volume of 361,074 shares, compared to its average volume of 460,956. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $29.77 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company's 50-day moving average price is $510.24 and its 200-day moving average price is $539.31. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 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 research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.77%.

Analyst Ratings Changes

MLM has been the topic of several recent analyst reports. Truist Financial lowered their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research note on Friday. Barclays reduced their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Raymond James dropped their price target on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $628.64.

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.