Trust Investment Advisors Lowers Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Trust Investment Advisors lessened its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,817 shares of the construction company’s stock after selling 82 shares during the quarter. Trust Investment Advisors’ holdings in Martin Marietta Materials were worth $938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLM. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials during the fourth quarter worth approximately $32,000. Kestra Investment Management LLC acquired a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price for the company in a research note on Wednesday, January 8th. Raymond James decreased their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus started coverage on Martin Marietta Materials in a research note on Tuesday, March 4th. They set a “buy” rating and a $559.00 price objective for the company. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $628.64.

Martin Marietta Materials Trading Down 0.5 %

MLM opened at $488.31 on Wednesday. The stock has a market capitalization of $29.77 billion, a PE ratio of 15.10, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. 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’s 50 day moving average price is $510.24 and its 200 day moving average price is $539.31.

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

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s payout ratio is 9.77%.

Insiders Place Their Bets

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