Pitcairn Co. Buys 90 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Pitcairn Co. boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 981 shares of the construction company’s stock after buying an additional 90 shares during the period. Pitcairn Co.’s holdings in Martin Marietta Materials were worth $507,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Martin Marietta Materials in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials during the fourth quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter valued at $35,000. Hopwood Financial Services Inc. purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after acquiring an additional 34 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Down 3.0 %

MLM opened at $470.33 on Friday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 4.45 and a beta of 0.81. The firm has a 50 day moving average price of $500.39 and a 200-day moving average price of $537.18. Martin Marietta Materials, Inc. has a twelve month low of $448.50 and a twelve month high of $633.23. 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 released its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.67%. Martin Marietta Materials’s payout ratio is 9.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MLM. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Raymond James cut their price target on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Loop Capital cut their target price on Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, Seaport Res Ptn upgraded Martin Marietta Materials to a “strong-buy” rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $626.50.

Insider Activity

In other news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael J. Petro acquired 550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $454.37 per share, with a total value of $249,903.50. Following the transaction, the senior vice president now owns 8,985 shares in the company, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.68% 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.