Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Lifted by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 55.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 959 shares of the construction company’s stock after buying an additional 344 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Martin Marietta Materials were worth $495,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of Martin Marietta Materials in the 3rd quarter worth about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $32,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $35,000. R Squared Ltd acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. 95.04% of the stock is currently owned by institutional investors.

Insider Activity

In other Martin Marietta Materials news, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price 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 in the company, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available 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 of the company’s stock, 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. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of analyst reports. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Truist Financial dropped their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup dropped their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.36.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $461.02 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $448.50 and a twelve month high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $518.87 and a 200-day moving average of $543.22. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.69%. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.77%.

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.