Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 46.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,932 shares of the construction company’s stock after selling 21,577 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Martin Marietta Materials were worth $12,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Martin Marietta Materials by 66.3% during the third quarter. Fifth Third Bancorp now owns 2,060 shares of the construction company’s stock valued at $846,000 after acquiring an additional 821 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Martin Marietta Materials by 1.0% during the third quarter. Panagora Asset Management Inc. now owns 4,065 shares of the construction company’s stock worth $1,669,000 after buying an additional 41 shares in the last quarter. Allworth Financial LP raised its position in shares of Martin Marietta Materials by 26.3% in the third quarter. Allworth Financial LP now owns 288 shares of the construction company’s stock valued at $118,000 after buying an additional 60 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Martin Marietta Materials by 2.3% during the third quarter. Wealthfront Advisers LLC now owns 4,097 shares of the construction company’s stock valued at $1,682,000 after buying an additional 91 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Martin Marietta Materials by 41.3% during the third quarter. Cullen Frost Bankers Inc. now owns 1,395 shares of the construction company’s stock valued at $573,000 after buying an additional 408 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Roselyn R. Bar sold 10,000 shares of the 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 sale, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the sale, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the sale, the executive vice president now directly owns 59,970 shares in the company, valued at approximately $36,179,301.30. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. StockNews.com downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Citigroup increased their target price on Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Stephens lifted their price target on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Wolfe Research lowered shares of 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. Based on data from MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average target price of $610.27.

Check Out Our Latest Report on Martin Marietta Materials

Martin Marietta Materials Stock Down 0.2 %

NYSE MLM opened at $580.75 on Monday. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67. The business has a 50 day moving average price of $601.07 and a two-hundred day moving average price of $535.56. The stock has a market cap of $35.80 billion, a PE ratio of 17.21, a P/E/G ratio of 2.75 and a beta of 0.95.

Martin Marietta Materials (NYSE:MLMGet Free Report) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.74% and a net margin of 31.35%. Martin Marietta Materials’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.16 EPS. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 21.75 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 8.77%.

Martin Marietta Materials Company 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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