2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. lowered its position in Martin Marietta Materials, Inc. ( NYSE:MLM – Free Report ) by 3.
7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596 shares of the construction company’s stock after selling 23 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in Martin Marietta Materials were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Lee Danner & Bass Inc.
purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials during the 4th quarter worth approximately $35,000.
Hopwood Financial Services Inc. purchased a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Martin Marietta Materials by 91.
9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. 95.
04% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth MLM has been the subject of several analyst reports. 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. JPMorgan Chase & Co.
lowered shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th.
Stifel Nicolaus initiated coverage on Martin Marietta Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $559.00 price target on the stock.
Citigroup dropped their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday, January 6th.
Finally, Seaport Res Ptn upgraded Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $599.62. Martin Marietta Materials Stock Up 0.
6 % NYSE:MLM opened at $493.92 on Monday. 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’s 50-day moving average price is $486.40 and its 200-day moving average price is $532.54.
The company has a market capitalization of $29.93 billion, a PE ratio of 15.28, a P/E/G ratio of 4.
45 and a beta of 0.81. Martin Marietta Materials, Inc.
has a 1-year low of $441.95 and a 1-year high of $633.23.
Martin Marietta Materials ( NYSE:MLM – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.
62 by $0.17. Martin Marietta Materials had a net margin of 30.
54% and a return on equity of 12.11%. On average, equities analysts predict that Martin Marietta Materials, Inc.
will post 19.53 EPS for the current fiscal year. Martin Marietta Materials Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This represents a $3.
16 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, March 3rd.
Martin Marietta Materials’s payout ratio is 9.77%. Insiders Place Their Bets In other news, EVP Donald A.
Mccunniff sold 1,332 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.
00. Following the transaction, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.
44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link . Also, SVP Michael J.
Petro purchased 550 shares of Martin Marietta Materials stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $454.37 per share, with a total value of $249,903.
50. Following the transaction, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $4,082,514.45.
This represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Corporate insiders own 0.68% of the company’s stock. Martin Marietta Materials Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc.
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