Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Decreased by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC decreased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,205 shares of the construction company’s stock after selling 1,737 shares during the period. Martin Marietta Materials comprises about 0.6% of Southeast Asset Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Southeast Asset Advisors LLC’s holdings in Martin Marietta Materials were worth $4,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Martin Marietta Materials by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company’s stock worth $3,705,466,000 after acquiring an additional 36,531 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock worth $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Martin Marietta Materials by 11.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company’s stock worth $939,898,000 after purchasing an additional 191,043 shares during the period. Amundi boosted its holdings in Martin Marietta Materials by 10.5% in the fourth quarter. Amundi now owns 1,562,146 shares of the construction company’s stock worth $808,005,000 after purchasing an additional 148,065 shares during the period. Finally, Geode Capital Management LLC increased its stake in Martin Marietta Materials by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company’s stock valued at $758,499,000 after purchasing an additional 32,082 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Martin Marietta Materials news, SVP Michael J. Petro bought 550 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now directly 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Martin Marietta Materials Stock Down 3.0 %

NYSE MLM opened at $470.33 on Monday. The company has a market capitalization of $28.68 billion, a P/E ratio of 14.55, a PEG ratio of 4.45 and a beta of 0.81. Martin Marietta Materials, Inc. has a 12 month low of $430.00 and a 12 month high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The company’s 50 day simple moving average is $500.39 and its 200 day simple moving average is $537.21.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 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%. Equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.67%. Martin Marietta Materials’s payout ratio is presently 9.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Wednesday, December 11th. Morgan Stanley cut their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Stifel Nicolaus initiated coverage on Martin Marietta Materials in a research note on Tuesday, March 4th. They issued a “buy” rating and a $559.00 target price on the stock. Finally, Raymond James lowered their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.50.

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.