Prime Capital Investment Advisors LLC Invests $330,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

Prime Capital Investment Advisors LLC bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 662 shares of the construction company’s stock, valued at approximately $330,000.

A number of other large investors have also recently made changes to their positions in MLM. MV Capital Management Inc. grew its holdings in Martin Marietta Materials by 144.4% during the 3rd quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials during the 4th quarter valued at about $27,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Martin Marietta Materials during the 3rd quarter valued at about $30,000. Covestor Ltd grew its holdings in Martin Marietta Materials by 84.6% during the 3rd quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 33 shares during the last quarter. Finally, Quarry LP bought a new position in Martin Marietta Materials during the 1st quarter valued at about $30,000. 95.04% of the stock is currently owned by institutional investors.

Insider Transactions at Martin Marietta Materials

In related news, CEO C Howard Nye sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C Howard Nye sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sue W. Cole sold 1,724 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the sale, the director now directly owns 19,793 shares of the company’s stock, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,724 shares of company stock valued at $16,033,760. Company insiders own 0.61% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of MLM opened at $602.10 on Friday. The company has a 50 day moving average price of $578.75 and a 200-day moving average price of $502.34. Martin Marietta Materials, Inc. has a fifty-two week low of $343.71 and a fifty-two week high of $626.67. The stock has a market capitalization of $37.22 billion, a PE ratio of 31.98, a PEG ratio of 2.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.50 and a current ratio of 3.35.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.67. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that Martin Marietta Materials, Inc. will post 21.09 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were given a $0.74 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 annualized dividend and a dividend yield of 0.49%. Martin Marietta Materials’s payout ratio is presently 15.72%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MLM. Stifel Nicolaus upped their price target on shares of Martin Marietta Materials from $510.00 to $598.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. The Goldman Sachs Group upped their price target on shares of Martin Marietta Materials from $560.00 to $642.00 and gave the company a “buy” rating in a report on Friday, February 16th. Wolfe Research downgraded shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Truist Financial boosted their price objective on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, HSBC raised shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $376.00 to $543.00 in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $577.38.

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.