International Assets Investment Management LLC Has $29.87 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

International Assets Investment Management LLC boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 49,790.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,869 shares of the construction company’s stock after buying an additional 59,749 shares during the period. International Assets Investment Management LLC’s holdings in Martin Marietta Materials were worth $29,869,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 144.4% in 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 period. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials in the fourth quarter valued at $27,000. Covestor Ltd increased its stake in Martin Marietta Materials by 84.6% in the 3rd quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Martin Marietta Materials during the 3rd quarter worth about $35,000. Finally, CVA Family Office LLC acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth about $47,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of recent research reports. Truist Financial lifted their target price 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. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. HSBC raised shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and raised their target price for the company from $376.00 to $543.00 in a research note on Thursday, February 22nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $600.00 price objective (up from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Finally, StockNews.com upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $588.69.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the transaction, the executive vice president now owns 59,970 shares in the company, valued at approximately $36,179,301.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the completion of the sale, the executive vice president now directly owns 59,970 shares in the company, valued at $36,179,301.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sue W. Cole sold 1,724 shares of the 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 directly owns 19,793 shares in the company, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,724 shares of company stock worth $16,033,760. Corporate insiders own 0.61% of the company’s stock.

Martin Marietta Materials Trading Up 0.1 %

Shares of MLM stock opened at $590.68 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $384.61 and a 12-month high of $626.67. The company has a market capitalization of $36.41 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.83 and a beta of 0.95. The firm has a 50 day moving average price of $598.46 and a two-hundred day moving average price of $521.59. The company has a quick ratio of 2.50, a current ratio of 3.16 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 earnings per share. As a group, analysts predict that Martin Marietta Materials, Inc. will post 21.47 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 4th were paid a $0.74 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.96 annualized dividend and a dividend yield of 0.50%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 8.77%.

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.