Clarius Group LLC Sells 50 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Clarius Group LLC reduced its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533 shares of the construction company’s stock after selling 50 shares during the quarter. Clarius Group LLC’s holdings in Martin Marietta Materials were worth $266,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth $26,000. MV Capital Management Inc. grew its holdings 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 worth $27,000 after acquiring an additional 39 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at about $30,000. Finally, Covestor Ltd raised its stake in shares of Martin Marietta Materials by 84.6% in the third quarter. Covestor Ltd now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 33 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the stock in a transaction 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 in the company, valued at $81,357,566.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Martin Marietta Materials news, Director Sue W. Cole sold 1,724 shares of the firm’s stock in a transaction 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 owns 19,793 shares of the company’s stock, valued at approximately $10,757,099.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,724 shares of company stock valued at $16,033,760. 0.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MLM has been the topic of several research analyst reports. HSBC raised shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their price target for the company from $376.00 to $543.00 in a research note on Thursday, February 22nd. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a research report on Friday, March 22nd. Truist Financial raised their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley started coverage on Martin Marietta Materials in a report on Monday, January 8th. They set an “overweight” rating and a $595.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $577.38.

Martin Marietta Materials Price Performance

MLM opened at $602.11 on Monday. The company has a quick ratio of 2.50, a current ratio of 3.35 and a debt-to-equity ratio of 0.49. Martin Marietta Materials, Inc. has a 12 month low of $343.71 and a 12 month high of $626.67. The company has a fifty day simple moving average of $580.39 and a 200 day simple moving average of $504.35. The stock has a market cap of $37.22 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.94 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last announced 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. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company earned $3.04 EPS. Martin Marietta Materials’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts expect that Martin Marietta Materials, Inc. will post 21.09 EPS for the current year.

Martin Marietta Materials Dividend Announcement

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

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.