437 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 437 shares of the construction company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. 9258 Wealth Management LLC bought a new position in shares of Martin Marietta Materials during the fourth quarter worth about $203,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Martin Marietta Materials by 3,228.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 932 shares of the construction company’s stock worth $465,000 after purchasing an additional 904 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth $239,000. Benjamin Edwards Inc. boosted its holdings in Martin Marietta Materials by 78.8% during the fourth quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Martin Marietta Materials by 27.2% during the fourth quarter. First Horizon Advisors Inc. now owns 383 shares of the construction company’s stock worth $191,000 after purchasing an additional 82 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of MLM opened at $596.64 on Thursday. The firm has a market capitalization of $36.78 billion, a PE ratio of 17.68, a PEG ratio of 2.80 and a beta of 0.95. The company’s 50-day moving average is $600.80 and its 200-day moving average is $526.10. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 2.41.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The company’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 earnings per share. Equities analysts forecast that Martin Marietta Materials, Inc. will post 21.7 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 4th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio is 8.77%.

Insider Buying and Selling

In related news, EVP Roselyn R. Bar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction 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 $36,179,301.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roselyn R. Bar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction 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 $36,179,301.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 134,640 shares in the company, valued at $81,357,566.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,724 shares of company stock valued at $16,033,760. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on MLM shares. Stephens increased their target price on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their target price for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. The Goldman Sachs Group upped 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. Citigroup upped their price target on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $598.17.

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.