Yousif Capital Management LLC Has $4.04 Million Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Yousif Capital Management LLC lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,094 shares of the construction company’s stock after selling 354 shares during the period. Yousif Capital Management LLC’s holdings in Martin Marietta Materials were worth $4,038,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Amalgamated Bank grew its position in shares of Martin Marietta Materials by 2.5% during the 3rd quarter. Amalgamated Bank now owns 16,460 shares of the construction company’s stock worth $6,757,000 after purchasing an additional 397 shares in the last quarter. Simplicity Solutions LLC grew its position in shares of Martin Marietta Materials by 166.1% during the 4th quarter. Simplicity Solutions LLC now owns 2,725 shares of the construction company’s stock worth $1,360,000 after purchasing an additional 1,701 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $3,284,000. Cerity Partners LLC grew its position in shares of Martin Marietta Materials by 199.8% during the 4th quarter. Cerity Partners LLC now owns 4,791 shares of the construction company’s stock worth $2,390,000 after purchasing an additional 3,193 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Martin Marietta Materials by 1.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,739 shares of the construction company’s stock worth $2,863,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MLM shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a research report on Friday, March 22nd. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Raymond James increased their price target on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. StockNews.com lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley initiated coverage on shares of Martin Marietta Materials in a research report on Monday, January 8th. They set an “overweight” rating and a $595.00 price target on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $588.69.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $605.17 on Friday. The company has a market cap of $37.35 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.89 and a beta of 0.96. 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 50 day simple moving average of $593.37 and a 200 day simple moving average of $515.98. Martin Marietta Materials, Inc. has a one year low of $345.03 and a one year high of $626.67.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $3.96 by $0.67. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. Research analysts predict that Martin Marietta Materials, Inc. will post 21.3 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were issued a dividend of $0.74 per share. The ex-dividend date was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.49%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 15.72%.

Insider Transactions at Martin Marietta Materials

In other news, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction on Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares in the company, valued at $10,757,099.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction on Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares in the company, valued at $10,757,099.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the transaction, the executive vice president now owns 59,970 shares in the company, valued at approximately $36,179,301.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,724 shares of company stock worth $16,033,760. Company insiders own 0.61% of the company’s stock.

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