RD Lewis Holdings Inc. Acquires New Shares in Martin Marietta Materials, Inc. (NYSE:MLM)

RD Lewis Holdings Inc. acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,340 shares of the construction company’s stock, valued at approximately $1,799,000. Martin Marietta Materials makes up about 2.1% of RD Lewis Holdings Inc.’s holdings, making the stock its 18th largest position.

Several other hedge funds have also bought and sold shares of MLM. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $35,000. Hopwood Financial Services Inc. acquired a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its position in Martin Marietta Materials by 91.9% in 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 Martin Marietta Materials in the fourth quarter valued at approximately $41,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $489.30 on Tuesday. Martin Marietta Materials, Inc. has a twelve month low of $448.50 and a twelve month high of $633.23. The firm has a fifty day simple moving average of $513.52 and a 200 day simple moving average of $540.64. The company has a market capitalization of $29.83 billion, a PE ratio of 15.13, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current 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 paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 9.77%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their target price for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. Stifel Nicolaus assumed coverage on shares of Martin Marietta Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $559.00 target price on the stock. Citigroup cut their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays cut their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Morgan Stanley cut their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. One 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $634.36.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. This represents 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.