Signaturefd LLC Buys 192 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Signaturefd LLC raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 823 shares of the construction company’s stock after acquiring an additional 192 shares during the quarter. Signaturefd LLC’s holdings in Martin Marietta Materials were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MLM. FMR LLC boosted its stake in shares of Martin Marietta Materials by 225.3% during the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after acquiring an additional 1,270,116 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Martin Marietta Materials by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock worth $838,421,000 after acquiring an additional 181,136 shares during the period. Invesco Ltd. boosted its stake in shares of Martin Marietta Materials by 22.6% during the 3rd quarter. Invesco Ltd. now owns 570,193 shares of the construction company’s stock worth $234,053,000 after acquiring an additional 104,981 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $34,736,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Martin Marietta Materials by 49,790.8% during the 4th quarter. International Assets Investment Management LLC now owns 59,869 shares of the construction company’s stock worth $29,869,000 after acquiring an additional 59,749 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $597.07 on Friday. The stock has a market capitalization of $36.85 billion, a PE ratio of 31.71, a P/E/G ratio of 2.87 and a beta of 0.96. 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 moving average price of $592.06 and a two-hundred day moving average price of $514.74. Martin Marietta Materials, Inc. has a fifty-two week low of $343.79 and a fifty-two week high of $626.67.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.67. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 EPS. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 21.24 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.50%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 15.72%.

Insider Transactions at Martin Marietta Materials

In other news, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the transaction, the executive vice president now owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO C Howard Nye sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total transaction 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 approximately $81,357,566.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roselyn R. Bar sold 10,000 shares of the business’s 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 transaction, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,724 shares of company stock valued at $16,033,760. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley initiated coverage on Martin Marietta Materials in a research note on Monday, January 8th. They set an “overweight” rating and a $595.00 target price for the company. StockNews.com cut Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, February 9th. HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $600.00 price target (up from $530.00) on shares of Martin Marietta Materials in a report on Friday, March 22nd. Finally, Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $588.69.

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.