Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.9% during the first quarter, Holdings Channel reports. The institutional investor owned 3,317 shares of the construction company’s stock after buying an additional 327 shares during the period. Insight Wealth Strategies LLC’s holdings in Martin Marietta Materials were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MLM. Marshall Wace North America L.P. acquired a new stake in shares of Martin Marietta Materials during the first quarter worth about $62,000. Amundi Pioneer Asset Management Inc. increased its position in shares of Martin Marietta Materials by 18.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 26,779 shares of the construction company’s stock worth $5,387,000 after purchasing an additional 4,176 shares in the last quarter. First Trust Advisors LP increased its position in shares of Martin Marietta Materials by 163.5% during the fourth quarter. First Trust Advisors LP now owns 36,295 shares of the construction company’s stock worth $10,307,000 after purchasing an additional 22,523 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Martin Marietta Materials by 5.1% during the fourth quarter. California Public Employees Retirement System now owns 150,753 shares of the construction company’s stock worth $42,809,000 after purchasing an additional 7,301 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Martin Marietta Materials by 0.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,825 shares of the construction company’s stock worth $6,766,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 91.93% of the company’s stock.

Shares of MLM opened at $354.49 on Friday. The firm has a 50 day simple moving average of $358.59. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.73 and a quick ratio of 2.20. Martin Marietta Materials, Inc. has a twelve month low of $188.24 and a twelve month high of $383.71.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, May 4th. The construction company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.54. The business had revenue of $982.40 million for the quarter, compared to analyst estimates of $968.53 million. Martin Marietta Materials had a return on equity of 13.18% and a net margin of 15.99%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 EPS. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 12.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, May 28th. Martin Marietta Materials’s dividend payout ratio (DPR) is 19.76%.

MLM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Martin Marietta Materials from $335.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 26th. Morgan Stanley boosted their price target on Martin Marietta Materials from $372.00 to $408.00 and gave the company an “overweight” rating in a research report on Monday, May 10th. Finally, Barclays boosted their price target on Martin Marietta Materials from $275.00 to $380.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $298.63.

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 used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

Further Reading: Golden Cross

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

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