Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Savant Capital LLC

Savant Capital LLC grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,169 shares of the construction company’s stock after acquiring an additional 224 shares during the quarter. Savant Capital LLC’s holdings in Martin Marietta Materials were worth $583,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Schear Investment Advisers LLC boosted its stake in Martin Marietta Materials by 1.2% during the 4th quarter. Schear Investment Advisers LLC now owns 1,647 shares of the construction company’s stock valued at $822,000 after purchasing an additional 20 shares during the period. Independence Bank of Kentucky grew its holdings in Martin Marietta Materials by 16.9% in the 4th quarter. Independence Bank of Kentucky now owns 152 shares of the construction company’s stock worth $76,000 after buying an additional 22 shares in the last quarter. Global Retirement Partners LLC increased its position in Martin Marietta Materials by 5.0% in the 4th quarter. Global Retirement Partners LLC now owns 460 shares of the construction company’s stock valued at $228,000 after acquiring an additional 22 shares during the period. Spreng Capital Management Inc. raised its stake in Martin Marietta Materials by 3.1% during the 4th quarter. Spreng Capital Management Inc. now owns 775 shares of the construction company’s stock valued at $387,000 after acquiring an additional 23 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in Martin Marietta Materials by 11.3% during the 4th quarter. Park Place Capital Corp now owns 247 shares of the construction company’s stock worth $123,000 after acquiring an additional 25 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MLM shares. StockNews.com raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating in a research note on Wednesday. Wolfe Research downgraded Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. The Goldman Sachs Group lifted their price target on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley assumed coverage on Martin Marietta Materials in a report on Monday, January 8th. They issued an “overweight” rating and a $595.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average target price of $588.69.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $591.03 on Friday. The company has a market capitalization of $36.43 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 2.80 and a beta of 0.95. Martin Marietta Materials, Inc. has a 1-year low of $384.61 and a 1-year high of $626.67. The company has a current ratio of 3.16, a quick ratio of 2.50 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $598.46 and its 200-day simple moving average is $522.18.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.88 by $0.05. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $2.16 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Martin Marietta Materials, Inc. will post 21.7 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 4th were issued a dividend of $0.74 per share. 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 is 8.77%.

Insider Activity at Martin Marietta Materials

In related news, CEO C Howard Nye sold 15,000 shares of the firm’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 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 $81,357,566.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,724 shares of company stock valued at $16,033,760. Insiders own 0.61% of the company’s stock.

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.