Mutual of America Capital Management LLC Sells 206 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mutual of America Capital Management LLC reduced its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,320 shares of the construction company’s stock after selling 206 shares during the period. Mutual of America Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,781,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MLM. First Personal Financial Services bought a new stake in shares of Martin Marietta Materials in the third quarter worth about $33,000. Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $35,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $41,000. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MLM has been the topic of several recent analyst reports. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus started coverage on Martin Marietta Materials in a research note on Tuesday. They issued a “buy” rating and a $559.00 target price on the stock. Citigroup cut their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Raymond James cut their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group started coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $634.36.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $478.30 on Thursday. Martin Marietta Materials, Inc. has a twelve month low of $451.09 and a twelve month high of $633.23. The firm has a market cap of $29.16 billion, a P/E ratio of 14.79, a PEG ratio of 4.45 and a beta of 0.89. The company has a 50 day moving average of $521.35 and a 200 day moving average of $544.16. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) 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%. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.66%. Martin Marietta Materials’s payout ratio is currently 9.77%.

Insider Buying and Selling at Martin Marietta Materials

In related news, SVP Michael J. Petro bought 550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the purchase, the senior vice president now owns 8,985 shares in the company, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

About Martin Marietta Materials

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.