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

Tredje AP fonden lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 16.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,586 shares of the construction company’s stock after selling 4,885 shares during the period. Tredje AP fonden’s holdings in Martin Marietta Materials were worth $12,699,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MLM. Whipplewood Advisors LLC purchased a new position in shares of Martin Marietta Materials in the fourth quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials in the fourth quarter worth $35,000. Hopwood Financial Services Inc. bought a new stake in Martin Marietta Materials in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in 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, Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials in the fourth quarter worth $41,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the subject of a number of analyst reports. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus initiated coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $559.00 price target for the company. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research report on Wednesday, January 8th. Citigroup lowered their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus target price of $634.36.

Insider Buying and Selling

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of 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 legal filing with the SEC, which is available through this link. Also, SVP Michael J. Petro acquired 550 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought 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 approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $465.23 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $448.50 and a twelve month high of $633.23. The company’s 50 day moving average is $514.83 and its 200 day moving average is $541.00. 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 cap of $28.37 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

About Martin Marietta Materials

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.