Mcdonald Capital Investors Inc. CA Sells 1,955 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mcdonald Capital Investors Inc. CA cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 106,847 shares of the construction company’s stock after selling 1,955 shares during the period. Martin Marietta Materials makes up approximately 3.7% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 11th largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Martin Marietta Materials were worth $53,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $26,000. MV Capital Management Inc. increased its position in shares of Martin Marietta Materials by 144.4% during the 3rd quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $30,000. Finally, Covestor Ltd increased its position in Martin Marietta Materials by 84.6% in the 3rd quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 33 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MLM. Stifel Nicolaus raised their price objective on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial raised their target price on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their target price on shares of Martin Marietta Materials from $560.00 to $642.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Morgan Stanley initiated coverage on shares of Martin Marietta Materials in a research note on Monday, January 8th. They set an “overweight” rating and a $595.00 price objective on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus price target of $581.38.

Insider Activity

In related news, EVP Roselyn R. Bar sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 59,970 shares in the company, valued at $36,179,301.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 134,640 shares in the company, valued at approximately $81,357,566.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The disclosure for this sale can be found here. Insiders sold 26,724 shares of company stock valued at $16,033,760 over the last quarter. 0.59% of the stock is owned by company insiders.

Martin Marietta Materials Price Performance

MLM traded up $4.23 on Monday, hitting $606.34. 81,172 shares of the stock were exchanged, compared to its average volume of 395,036. Martin Marietta Materials, Inc. has a 12 month low of $343.79 and a 12 month high of $626.67. The business has a 50-day moving average of $580.39 and a two-hundred day moving average of $504.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.94 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $3.96 by $0.67. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 21.09 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio is currently 15.72%.

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.