180 Wealth Advisors LLC purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,080 shares of the construction company’s stock, valued at approximately $493,000.
Several other hedge funds have also modified their holdings of MLM. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Martin Marietta Materials during the first quarter worth $26,000. Quarry LP acquired a new stake in Martin Marietta Materials in the first quarter worth about $30,000. First Horizon Advisors Inc. lifted its holdings in shares of Martin Marietta Materials by 212.9% during the fourth quarter. First Horizon Advisors Inc. now owns 97 shares of the construction company’s stock worth $33,000 after purchasing an additional 66 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of Martin Marietta Materials during the first quarter worth about $36,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Martin Marietta Materials during the first quarter worth about $39,000. 93.22% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, VP Craig M. Latorre sold 1,934 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $431.68, for a total value of $834,869.12. Following the transaction, the vice president now owns 9,731 shares in the company, valued at $4,200,678.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Craig M. Latorre sold 1,934 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $431.68, for a total value of $834,869.12. Following the completion of the sale, the vice president now directly owns 9,731 shares of the company’s stock, valued at $4,200,678.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Craig M. Latorre sold 500 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $447.09, for a total value of $223,545.00. Following the completion of the sale, the vice president now directly owns 11,665 shares of the company’s stock, valued at $5,215,304.85. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Analysts Set New Price Targets
Martin Marietta Materials Price Performance
Shares of Martin Marietta Materials stock opened at $428.04 on Tuesday. Martin Marietta Materials, Inc. has a twelve month low of $298.32 and a twelve month high of $463.41. The stock has a market capitalization of $26.53 billion, a P/E ratio of 28.09, a PEG ratio of 1.27 and a beta of 0.90. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $447.47 and its 200 day moving average price is $407.51.
Martin Marietta Materials (NYSE:MLM – Get Free Report) last issued its earnings results on Thursday, July 27th. The construction company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.77. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Martin Marietta Materials had a return on equity of 13.42% and a net margin of 14.68%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.96 earnings per share. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 17.56 earnings per share for the current year.
Martin Marietta Materials Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $0.74 dividend. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.96 annualized dividend and a dividend yield of 0.69%. Martin Marietta Materials’s payout ratio is 19.42%.
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.
- Five stocks we like better than Martin Marietta Materials
- Investing in Travel Stocks Benefits
- Hostess Acquisition, 3.3% Dividend Make J.M. Smucker a Sweet Deal
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Nikola’s Stock Could Double in Price Within Weeks
- What Are Meme Stocks and Are They Viable Investments?
- Drones Can Lift AeroVironment Shares To New Heights
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.