1,411 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,411 shares of the construction company’s stock, valued at approximately $729,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Welch & Forbes LLC bought a new position in Martin Marietta Materials during the fourth quarter worth about $206,000. Vestmark Advisory Solutions Inc. grew its holdings in Martin Marietta Materials by 4.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 6,224 shares of the construction company’s stock worth $3,215,000 after purchasing an additional 275 shares during the period. Raymond James Financial Inc. bought a new position in Martin Marietta Materials during the fourth quarter worth about $196,374,000. Promus Capital LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $132,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Martin Marietta Materials by 3.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,391 shares of the construction company’s stock worth $719,000 after acquiring an additional 42 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

MLM has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Stephens reduced their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Truist Financial reduced their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.36.

Martin Marietta Materials Stock Down 3.1 %

Shares of MLM opened at $461.02 on Friday. Martin Marietta Materials, Inc. has a one year low of $448.50 and a one year high of $633.23. The company has a market cap of $28.11 billion, a P/E ratio of 14.26, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $518.87 and a two-hundred day simple moving average of $543.22.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data 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 net margin of 30.54% and a return on equity of 12.11%. Research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.69%. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Insider Buying and Selling at Martin Marietta Materials

In related news, SVP Michael J. Petro purchased 550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost 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 represents a 6.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 3,523 shares of the company’s stock, valued at $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. Company insiders own 0.68% of the company’s stock.

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.