Sequoia Financial Advisors LLC Purchases 443 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Sequoia Financial Advisors LLC boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,672 shares of the construction company’s stock after acquiring an additional 443 shares during the period. Sequoia Financial Advisors LLC’s holdings in Martin Marietta Materials were worth $5,512,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Prosperity Financial Group Inc. boosted its holdings in Martin Marietta Materials by 19.6% during the fourth quarter. Prosperity Financial Group Inc. now owns 567 shares of the construction company’s stock worth $293,000 after buying an additional 93 shares during the last quarter. AGF Management Ltd. boosted its holdings in Martin Marietta Materials by 6.2% during the fourth quarter. AGF Management Ltd. now owns 3,464 shares of the construction company’s stock worth $1,789,000 after buying an additional 201 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Martin Marietta Materials by 2,260.6% during the fourth quarter. Wealthfront Advisers LLC now owns 96,101 shares of the construction company’s stock worth $49,636,000 after buying an additional 92,030 shares during the last quarter. Net Worth Advisory Group boosted its holdings in Martin Marietta Materials by 2.4% during the fourth quarter. Net Worth Advisory Group now owns 972 shares of the construction company’s stock worth $502,000 after buying an additional 23 shares during the last quarter. Finally, Bluegrass Capital Partners LP boosted its holdings in Martin Marietta Materials by 180.0% during the fourth quarter. Bluegrass Capital Partners LP now owns 21,000 shares of the construction company’s stock worth $10,846,000 after buying an additional 13,500 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.1 %

Shares of Martin Marietta Materials stock opened at $465.23 on Friday. The firm has a market cap of $28.37 billion, a PE ratio of 14.39, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52-week low of $448.50 and a 52-week high of $633.23. The business’s 50 day simple moving average is $514.83 and its 200 day simple moving average is $541.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 0.68%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.77%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Barclays cut their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Truist Financial cut their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $634.36.

Insiders Place Their Bets

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the business’s 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 directly owns 3,523 shares of the company’s stock, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Petro bought 550 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. The trade was a 6.52 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.68% of the company’s stock.

Martin Marietta Materials 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.