Vestmark Advisory Solutions Inc. Sells 47 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,689 shares of the construction company’s stock after selling 47 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Martin Marietta Materials were worth $2,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Martin Marietta Materials by 225.3% in the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after buying an additional 1,270,116 shares in the last quarter. JPMorgan Chase & Co. grew its position in Martin Marietta Materials by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock valued at $838,421,000 after acquiring an additional 181,136 shares during the period. Invesco Ltd. grew its position in Martin Marietta Materials by 22.6% in the third quarter. Invesco Ltd. now owns 570,193 shares of the construction company’s stock valued at $234,053,000 after acquiring an additional 104,981 shares during the period. Qube Research & Technologies Ltd acquired a new position in Martin Marietta Materials during the third quarter worth $34,736,000. Finally, Jennison Associates LLC lifted its holdings in shares of Martin Marietta Materials by 96.6% during the fourth quarter. Jennison Associates LLC now owns 157,904 shares of the construction company’s stock valued at $78,780,000 after acquiring an additional 77,596 shares during the period. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In other Martin Marietta Materials news, Director Sue W. Cole sold 1,724 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $543.48, for a total value of $936,959.52. Following the transaction, the director now owns 19,793 shares of the company’s stock, valued at $10,757,099.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the completion of the transaction, the executive vice president now owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sue W. Cole sold 1,724 shares of the company’s stock in a transaction on Friday, February 16th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 26,724 shares of company stock valued at $16,033,760 over the last three months. Company insiders own 0.61% of the company’s stock.

Martin Marietta Materials Trading Up 0.2 %

Martin Marietta Materials stock traded up $1.07 during trading hours on Friday, reaching $591.03. 491,967 shares of the company’s stock traded hands, compared to its average volume of 472,357. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.50 and a current ratio of 3.16. Martin Marietta Materials, Inc. has a fifty-two week low of $384.61 and a fifty-two week high of $626.67. The firm’s 50 day moving average is $598.46 and its 200-day moving average is $522.18.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $2.16 earnings per share. Martin Marietta Materials’s revenue was down 7.6% compared to the same quarter last year. On average, analysts predict that Martin Marietta Materials, Inc. will post 21.7 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were given a $0.74 dividend. 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 currently 8.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 15th. 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. Wolfe Research lowered Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Raymond James increased their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and lifted their price target for the company from $376.00 to $543.00 in a report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $588.69.

About Martin Marietta Materials

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.