Gilbert & Cook Inc. Acquires 43 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Gilbert & Cook Inc. increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,436 shares of the construction company’s stock after purchasing an additional 43 shares during the quarter. Gilbert & Cook Inc.’s holdings in Martin Marietta Materials were worth $716,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MLM. NBC Securities Inc. bought a new stake in Martin Marietta Materials during the 3rd quarter worth approximately $119,000. Victory Capital Management Inc. grew its stake in shares of Martin Marietta Materials by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 37,974 shares of the construction company’s stock worth $15,588,000 after acquiring an additional 478 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Martin Marietta Materials by 10.2% during the 3rd quarter. Merit Financial Group LLC now owns 938 shares of the construction company’s stock worth $385,000 after acquiring an additional 87 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Martin Marietta Materials by 7.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 600 shares of the construction company’s stock worth $246,000 after acquiring an additional 39 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Martin Marietta Materials by 2.5% during the 3rd quarter. Amalgamated Bank now owns 16,460 shares of the construction company’s stock worth $6,757,000 after acquiring an additional 397 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Trading Up 0.9 %

Shares of Martin Marietta Materials stock opened at $572.08 on Monday. The business has a fifty day simple moving average of $595.33 and a two-hundred day simple moving average of $545.00. Martin Marietta Materials, Inc. has a 1 year low of $389.90 and a 1 year high of $626.67. The company has a market capitalization of $35.26 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 2.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 2.41.

Martin Marietta Materials (NYSE:MLMGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS. Research analysts forecast that Martin Marietta Materials, Inc. will post 21.88 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, June 3rd. Martin Marietta Materials’s payout ratio is 8.77%.

Insiders Place Their Bets

In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now owns 134,640 shares in the company, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MLM shares. Stifel Nicolaus raised their price target on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. The Goldman Sachs Group increased their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wolfe Research downgraded Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their price objective for the company from $376.00 to $543.00 in a report on Thursday, February 22nd. Finally, Citigroup increased their price objective on Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $610.27.

View Our Latest Stock Analysis on Martin Marietta Materials

About Martin Marietta Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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