Douglass Winthrop Advisors LLC Sells 174 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Douglass Winthrop Advisors LLC reduced its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,327 shares of the construction company’s stock after selling 174 shares during the period. Martin Marietta Materials comprises approximately 2.1% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 24th biggest holding. Douglass Winthrop Advisors LLC owned about 0.30% of Martin Marietta Materials worth $93,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in Martin Marietta Materials during the fourth quarter valued at approximately $26,000. MV Capital Management Inc. grew its position in Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 39 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at approximately $27,000. Benjamin Edwards Inc. grew its position in Martin Marietta Materials by 78.8% during the fourth quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Finally, Covestor Ltd grew its position in Martin Marietta Materials by 84.6% during the third quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 33 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Stock Up 1.0 %

Martin Marietta Materials stock traded up $5.70 on Monday, hitting $579.16. 283,400 shares of the stock traded hands, compared to its average volume of 413,233. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. The firm has a market cap of $35.70 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.95. The business’s fifty day simple moving average is $598.74 and its 200 day simple moving average is $540.94. Martin Marietta Materials, Inc. has a 1 year low of $389.90 and a 1 year high of $626.67.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion during 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%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 earnings per share. As a group, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 21.88 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on MLM shares. The Goldman Sachs Group increased their price target on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Truist Financial raised their target price on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and raised their target price for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a report on Friday, March 22nd. Finally, Stifel Nicolaus raised their target price on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.27.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm’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 $81,357,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction dated 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 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 SEC, which is available through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.