Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 91.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71 shares of the construction company’s stock after acquiring an additional 34 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Martin Marietta Materials were worth $37,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in Martin Marietta Materials by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,672 shares of the construction company’s stock valued at $5,512,000 after buying an additional 443 shares during the period. Prosperity Financial Group Inc. increased its position in shares of Martin Marietta Materials by 19.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 567 shares of the construction company’s stock worth $293,000 after acquiring an additional 93 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Martin Marietta Materials by 6.2% in the 4th quarter. AGF Management Ltd. now owns 3,464 shares of the construction company’s stock valued at $1,789,000 after acquiring an additional 201 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Martin Marietta Materials by 2,260.6% during the 4th quarter. Wealthfront Advisers LLC now owns 96,101 shares of the construction company’s stock valued at $49,636,000 after acquiring an additional 92,030 shares in the last quarter. Finally, Net Worth Advisory Group boosted its position in Martin Marietta Materials by 2.4% during the 4th quarter. Net Worth Advisory Group now owns 972 shares of the construction company’s stock worth $502,000 after purchasing an additional 23 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Down 1.3 %

Shares of NYSE:MLM opened at $483.84 on Friday. The company’s fifty day moving average is $511.89 and its two-hundred day moving average is $539.58. 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, Inc. has a 1-year low of $448.50 and a 1-year high of $633.23. The stock has a market capitalization of $29.50 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data 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 net margin of 30.54% and a return on equity of 12.11%. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s payout ratio is 9.77%.

Analyst Ratings Changes

MLM has been the topic of a number of recent research reports. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Morgan Stanley reduced 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. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. Finally, Stephens cut their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $628.64.

Insider Activity

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company’s stock.

About Martin Marietta Materials

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.