Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Knowledge Leaders Capital LLC

Knowledge Leaders Capital LLC lowered its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 960 shares of the construction company’s stock after selling 83 shares during the period. Knowledge Leaders Capital LLC’s holdings in Martin Marietta Materials were worth $479,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $26,000. MV Capital Management Inc. boosted its stake 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 acquiring 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 $27,000. Covestor Ltd boosted its stake 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 acquiring an additional 33 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in Martin Marietta Materials by 74.3% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock valued at $30,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MLM shares. Wolfe Research downgraded shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Morgan Stanley started coverage on shares of Martin Marietta Materials in a research note on Monday, January 8th. They set an “overweight” rating and a $595.00 price objective on the stock. Stephens increased their price objective on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Truist Financial raised their price target on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, 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 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $588.69.

Martin Marietta Materials Stock Performance

NYSE:MLM traded up $7.92 during mid-day trading on Friday, hitting $604.99. The stock had a trading volume of 386,242 shares, compared to its average volume of 397,845. The stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 2.89 and a beta of 0.96. The company has a 50 day simple moving average of $593.37 and a 200-day simple moving average of $515.98. Martin Marietta Materials, Inc. has a 52 week low of $345.03 and a 52 week high of $626.67. 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 issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.67. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. Martin Marietta Materials’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 EPS. On average, research analysts expect that Martin Marietta Materials, Inc. will post 21.3 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials 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 transaction, 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 accessible through the SEC website. Also, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $543.48, for a total transaction of $936,959.52. Following the completion of the transaction, 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. In the last 90 days, insiders have 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 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.