Vestor Capital LLC Takes $4.51 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Vestor Capital LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,730 shares of the construction company’s stock, valued at approximately $4,509,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $32,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $35,000. Hopwood Financial Services Inc. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a research report on Wednesday, December 11th. Stephens lowered their target price on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Morgan Stanley lowered their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Raymond James lowered their target price on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $628.64.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $477.49 on Friday. The stock has a 50-day simple moving average of $511.26 and a 200-day simple moving average of $539.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The stock has a market capitalization of $29.11 billion, a PE ratio of 14.77, a PEG 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.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping 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%. On average, analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s payout ratio is 9.77%.

Insiders Place Their Bets

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $1,673,425. The trade was a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, the senior vice president now owns 8,985 shares of the company’s stock, valued at $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. 0.68% of the stock is currently owned by corporate insiders.

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.