Atria Investments Inc Sells 214 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Atria Investments Inc trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,721 shares of the construction company’s stock after selling 214 shares during the quarter. Atria Investments Inc’s holdings in Martin Marietta Materials were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MLM. Farther Finance Advisors LLC boosted its position in shares of Martin Marietta Materials by 11.6% in the third quarter. Farther Finance Advisors LLC now owns 317 shares of the construction company’s stock valued at $171,000 after acquiring an additional 33 shares during the period. National Pension Service lifted its position in Martin Marietta Materials by 0.7% in the third quarter. National Pension Service now owns 74,515 shares of the construction company’s stock worth $40,108,000 after purchasing an additional 523 shares during the period. Asset Management One Co. Ltd. lifted its position in Martin Marietta Materials by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 22,775 shares of the construction company’s stock worth $12,259,000 after purchasing an additional 222 shares during the period. QRG Capital Management Inc. lifted its position in Martin Marietta Materials by 8.2% in the third quarter. QRG Capital Management Inc. now owns 1,734 shares of the construction company’s stock worth $933,000 after purchasing an additional 132 shares during the period. Finally, Amalgamated Bank lifted its position in Martin Marietta Materials by 1.1% in the third quarter. Amalgamated Bank now owns 12,625 shares of the construction company’s stock worth $6,795,000 after purchasing an additional 139 shares during the period. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $476.02 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $451.09 and a twelve month high of $633.23. The firm has a market cap of $29.02 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The business has a fifty day moving average of $520.23 and a 200-day moving average of $543.69.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.66%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stephens reduced their target price on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group assumed coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price for the company. Barclays reduced their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Raymond James reduced their target price on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup reduced their target price on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $634.36.

Insider Activity

In related news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the sale, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Petro acquired 550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by corporate insiders.

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.