Montag A & Associates Inc. Sells 1,222 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Montag A & Associates Inc. decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,181 shares of the construction company’s stock after selling 1,222 shares during the quarter. Montag A & Associates Inc.’s holdings in Martin Marietta Materials were worth $3,583,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in Martin Marietta Materials in the 4th quarter valued at $26,000. Exchange Traded Concepts LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at $27,000. Benjamin Edwards Inc. raised its position in Martin Marietta Materials by 78.8% in the 4th quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in shares of Martin Marietta Materials by 74.3% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock worth $30,000 after acquiring an additional 26 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in shares of Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.1 %

MLM traded up $6.56 on Thursday, hitting $603.20. 269,177 shares of the company were exchanged, compared to its average volume of 415,079. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.41 and a current ratio of 3.16. The stock’s fifty day moving average is $601.31 and its 200-day moving average is $526.64. The company has a market cap of $37.18 billion, a PE ratio of 17.87, a PEG ratio of 2.80 and a beta of 0.95. Martin Marietta Materials, Inc. has a 12 month low of $389.90 and a 12 month high of $626.67.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.05. The firm had revenue of $1.25 billion for 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 business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 earnings per share. Equities research analysts predict that Martin Marietta Materials, Inc. will post 21.7 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 4th were paid a $0.74 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 annualized dividend and a yield of 0.49%. Martin Marietta Materials’s dividend payout ratio is 8.77%.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 owns 134,640 shares in the company, valued at $81,357,566.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sue W. Cole sold 1,724 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $543.48, for a total value of $936,959.52. Following the transaction, the director now owns 19,793 shares in the company, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. Insiders have sold 26,724 shares of company stock worth $16,033,760 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MLM shares. The Goldman Sachs Group boosted their target price on Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Raymond James lifted their price objective on Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $600.00 price objective (up from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Finally, Stephens boosted their target price on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $598.17.

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.