Raymond James Trust N.A. Purchases 72 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Raymond James Trust N.A. increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,829 shares of the construction company’s stock after purchasing an additional 72 shares during the period. Raymond James Trust N.A.’s holdings in Martin Marietta Materials were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Spreng Capital Management Inc. increased its holdings in Martin Marietta Materials by 3.4% in the 3rd quarter. Spreng Capital Management Inc. now owns 752 shares of the construction company’s stock valued at $309,000 after acquiring an additional 25 shares during the last quarter. Centaurus Financial Inc. increased its holdings in Martin Marietta Materials by 9.4% in the 1st quarter. Centaurus Financial Inc. now owns 336 shares of the construction company’s stock valued at $119,000 after acquiring an additional 29 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Martin Marietta Materials by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,171 shares of the construction company’s stock valued at $541,000 after acquiring an additional 30 shares during the last quarter. Mitchell Capital Management Co. increased its holdings in Martin Marietta Materials by 0.5% in the 3rd quarter. Mitchell Capital Management Co. now owns 5,763 shares of the construction company’s stock valued at $2,366,000 after acquiring an additional 30 shares during the last quarter. Finally, CWM LLC increased its holdings in Martin Marietta Materials by 2.1% in the 3rd quarter. CWM LLC now owns 1,478 shares of the construction company’s stock valued at $607,000 after acquiring an additional 31 shares during the last quarter. 93.22% of the stock is currently owned by institutional investors.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $607.12 on Friday. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. Martin Marietta Materials, Inc. has a 1 year low of $326.61 and a 1 year high of $617.08. The firm has a 50-day moving average of $549.07 and a two-hundred day moving average of $484.78.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.67. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 EPS. On average, research analysts forecast that Martin Marietta Materials, Inc. will post 21.25 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 4th will be given a $0.74 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $2.96 annualized dividend and a yield of 0.49%. Martin Marietta Materials’s dividend payout ratio (DPR) is 15.72%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted 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. Morgan Stanley began coverage on shares of Martin Marietta Materials in a report on Monday, January 8th. They issued an “overweight” rating and a $595.00 target price on the stock. Truist Financial boosted their target price on shares of Martin Marietta Materials from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Citigroup boosted their target price on shares of Martin Marietta Materials from $573.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average price target of $564.85.

View Our Latest Analysis on Martin Marietta Materials

Insider Buying and Selling at Martin Marietta Materials

In other news, 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 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 the SEC website. In other news, 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 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 the SEC website. Also, 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 transaction of $936,959.52. Following the completion of 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. Insiders sold a total of 26,724 shares of company stock valued at $16,033,760 in the last three months. Company insiders own 0.61% of the company’s stock.

Martin Marietta Materials Profile

(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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