Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by First National Bank of Hutchinson

First National Bank of Hutchinson lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,958 shares of the construction company’s stock after buying an additional 70 shares during the period. First National Bank of Hutchinson’s holdings in Martin Marietta Materials were worth $1,011,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MLM. Whipplewood Advisors LLC purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth about $32,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. acquired a new position in Martin Marietta Materials during the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC lifted its position in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter worth $41,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $490.92 on Thursday. The firm has a fifty day moving average of $512.56 and a two-hundred day moving average of $539.97. The firm has a market cap of $29.93 billion, a P/E ratio of 15.18, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 1-year low of $448.50 and a 1-year high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MLM shares. Stifel Nicolaus started coverage on shares of Martin Marietta Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $559.00 target price on the stock. Stephens reduced their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $640.00 to $560.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average price target of $628.64.

Insider Activity at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro bought 550 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.