Greenleaf Trust Has $553,000 Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Greenleaf Trust grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,109 shares of the construction company’s stock after buying an additional 113 shares during the period. Greenleaf Trust’s holdings in Martin Marietta Materials were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $26,000. MV Capital Management Inc. grew its stake in Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 39 shares during the period. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials in the fourth quarter worth approximately $27,000. Covestor Ltd boosted its holdings in Martin Marietta Materials by 84.6% in the third quarter. Covestor Ltd now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 33 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in Martin Marietta Materials by 74.3% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock worth $30,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MLM. Morgan Stanley began coverage on Martin Marietta Materials in a report on Monday, January 8th. They issued an “overweight” rating and a $595.00 price target on the stock. Truist Financial raised their target price on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Stephens raised their target price on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Raymond James raised their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group raised their target price on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $588.69.

Insiders Place Their Bets

In other news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction 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 transaction, the executive vice president now directly owns 59,970 shares in the company, valued at $36,179,301.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction 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 transaction, the executive vice president now directly owns 59,970 shares in the company, valued at $36,179,301.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The disclosure for this sale can be found here. Insiders sold 26,724 shares of company stock valued at $16,033,760 over the last ninety days. 0.59% of the stock is currently owned by insiders.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $584.32 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. The business has a fifty day simple moving average of $588.42 and a two-hundred day simple moving average of $512.48. Martin Marietta Materials, Inc. has a 1 year low of $343.79 and a 1 year high of $626.67. The company has a market capitalization of $36.06 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.79 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.67. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted $3.04 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect that Martin Marietta Materials, Inc. will post 21.24 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 4th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio is currently 15.72%.

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.