1,804 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,804 shares of the construction company’s stock, valued at approximately $932,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. Burling Wealth Partners LLC bought a new position in shares of Martin Marietta Materials in the 4th quarter worth $952,000. Dark Forest Capital Management LP increased its holdings in shares of Martin Marietta Materials by 91.6% in the 4th quarter. Dark Forest Capital Management LP now owns 960 shares of the construction company’s stock worth $496,000 after buying an additional 459 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Martin Marietta Materials by 23.9% in the 4th quarter. Hsbc Holdings PLC now owns 134,988 shares of the construction company’s stock worth $69,778,000 after buying an additional 26,055 shares during the last quarter. Fayez Sarofim & Co increased its holdings in shares of Martin Marietta Materials by 12.7% in the 4th quarter. Fayez Sarofim & Co now owns 1,890 shares of the construction company’s stock worth $976,000 after buying an additional 213 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Martin Marietta Materials by 1.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $527,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Petro bought 550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MLM shares. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Martin Marietta Materials to a “strong-buy” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $640.00 to $560.00 in a research note on Wednesday, March 19th. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, UBS Group cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price target for the company. in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $599.62.

Martin Marietta Materials Stock Down 0.8 %

Shares of NYSE MLM opened at $505.00 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23. The firm has a market capitalization of $30.60 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The firm has a fifty day simple moving average of $483.45 and a two-hundred day simple moving average of $531.55.

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

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.63%. Martin Marietta Materials’s payout ratio is 9.77%.

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.