Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 407.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264 shares of the construction company’s stock after purchasing an additional 212 shares during the period. Avior Wealth Management LLC’s holdings in Martin Marietta Materials were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky increased its position in shares of Martin Marietta Materials by 16.9% during the fourth quarter. Independence Bank of Kentucky now owns 152 shares of the construction company’s stock worth $76,000 after purchasing an additional 22 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Martin Marietta Materials by 5.0% during the fourth quarter. Global Retirement Partners LLC now owns 460 shares of the construction company’s stock worth $228,000 after purchasing an additional 22 shares in the last quarter. Spreng Capital Management Inc. increased its position in shares of Martin Marietta Materials by 3.1% during the fourth quarter. Spreng Capital Management Inc. now owns 775 shares of the construction company’s stock worth $387,000 after purchasing an additional 23 shares in the last quarter. Park Place Capital Corp increased its position in shares of Martin Marietta Materials by 11.3% during the fourth quarter. Park Place Capital Corp now owns 247 shares of the construction company’s stock worth $123,000 after purchasing an additional 25 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in Martin Marietta Materials by 2.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,260 shares of the construction company’s stock valued at $629,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

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

Martin Marietta Materials Price Performance

Shares of MLM opened at $575.89 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $343.79 and a twelve month high of $626.67. The stock’s 50 day moving average is $587.38 and its two-hundred day moving average is $510.67. The firm has a market capitalization of $35.54 billion, a PE ratio of 30.58, a P/E/G ratio of 2.79 and a beta of 0.96. The company has a current ratio of 3.35, a quick ratio of 2.50 and a debt-to-equity ratio of 0.49.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $3.96 by $0.67. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.04 EPS. Research analysts anticipate that Martin Marietta Materials, Inc. will post 21.24 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 15.72%.

Wall Street Analyst Weigh In

MLM has been the topic of several recent research reports. Stephens boosted their price target on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Truist Financial boosted their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Morgan Stanley initiated coverage on Martin Marietta Materials in a research report on Monday, January 8th. They issued an “overweight” rating and a $595.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average price target of $588.69.

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.