Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Cwm LLC

Cwm LLC increased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524 shares of the construction company’s stock after purchasing an additional 46 shares during the period. Cwm LLC’s holdings in Martin Marietta Materials were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank grew its holdings in shares of Martin Marietta Materials by 2.5% during the third quarter. Amalgamated Bank now owns 16,460 shares of the construction company’s stock valued at $6,757,000 after buying an additional 397 shares during the last quarter. Simplicity Solutions LLC increased its holdings in shares of Martin Marietta Materials by 166.1% in the fourth quarter. Simplicity Solutions LLC now owns 2,725 shares of the construction company’s stock valued at $1,360,000 after purchasing an additional 1,701 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Martin Marietta Materials in the third quarter worth about $3,284,000. Cerity Partners LLC lifted its holdings in shares of Martin Marietta Materials by 199.8% during the fourth quarter. Cerity Partners LLC now owns 4,791 shares of the construction company’s stock worth $2,390,000 after purchasing an additional 3,193 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Martin Marietta Materials by 1.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,739 shares of the construction company’s stock valued at $2,863,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $602.64 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.50 and a current ratio of 3.35. The stock has a market capitalization of $37.19 billion, a PE ratio of 32.00, a P/E/G ratio of 2.93 and a beta of 0.96. Martin Marietta Materials, Inc. has a fifty-two week low of $361.23 and a fifty-two week high of $626.67. The company has a fifty day moving average of $594.62 and a two-hundred day moving average of $518.37.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.67. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 21.3 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio is presently 15.72%.

Insider Buying and Selling

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the transaction, the chief executive officer now owns 134,640 shares in the company, valued at approximately $81,357,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO C Howard Nye sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sue W. Cole sold 1,724 shares of the stock in a transaction dated 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 $10,757,099.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,724 shares of company stock worth $16,033,760. 0.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MLM shares. The Goldman Sachs Group raised their price target on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. StockNews.com lowered Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Stifel Nicolaus upped their target price on Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Citigroup lifted their price target on Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.