Zurcher Kantonalbank Zurich Cantonalbank Buys 1,555 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,102 shares of the construction company's stock after buying an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Martin Marietta Materials were worth $6,767,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Martin Marietta Materials by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock worth $421,000 after acquiring an additional 19 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock worth $690,000 after purchasing an additional 19 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of Martin Marietta Materials by 3.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock valued at $307,000 after purchasing an additional 20 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Martin Marietta Materials by 4.7% in the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after purchasing an additional 20 shares during the last quarter. Finally, Financial Counselors Inc. raised its holdings in shares of Martin Marietta Materials by 1.9% during the 3rd quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company's stock worth $604,000 after buying an additional 21 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

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Insider Buying and Selling at Martin Marietta Materials

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction 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 in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, with a total value of $249,903.50. Following the purchase, 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. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

MLM has been the topic of several research analyst reports. Stephens reduced their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Barclays decreased their price target on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Truist Financial decreased their target price 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. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials has an average rating of "Moderate Buy" and a consensus target price of $634.36.

Martin Marietta Materials Trading Up 2.5 %

Shares of Martin Marietta Materials stock traded up $11.85 on Monday, hitting $489.30. 706,026 shares of the company's stock traded hands, compared to its average volume of 457,677. The company has a fifty day moving average of $514.06 and a two-hundred day moving average of $540.88. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

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 (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

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.