Fidelis Capital Partners LLC Purchases 132 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Fidelis Capital Partners LLC increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 22.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 732 shares of the construction company’s stock after acquiring an additional 132 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Martin Marietta Materials were worth $365,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in Martin Marietta Materials by 2.5% during the 3rd quarter. Amalgamated Bank now owns 16,460 shares of the construction company’s stock valued at $6,757,000 after acquiring an additional 397 shares during the period. Simplicity Solutions LLC lifted its stake in Martin Marietta Materials by 166.1% during the 4th quarter. Simplicity Solutions LLC now owns 2,725 shares of the construction company’s stock valued at $1,360,000 after acquiring an additional 1,701 shares during the period. Hudson Bay Capital Management LP bought a new position in Martin Marietta Materials during the 3rd quarter valued at about $3,284,000. Cultivar Capital Inc. bought a new position in Martin Marietta Materials during the 4th quarter valued at about $2,260,000. Finally, Nordea Investment Management AB lifted its stake in Martin Marietta Materials by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 4,050 shares of the construction company’s stock valued at $1,681,000 after acquiring an additional 111 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MLM shares. Citigroup upped their target price on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wolfe Research cut shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Raymond James increased their price objective on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Stephens increased their price objective on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $600.00 price objective (up previously from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus price target of $588.69.

Insider Activity at Martin Marietta Materials

In related news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the transaction, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,724 shares of company stock valued at $16,033,760. 0.61% of the stock is owned by corporate insiders.

Martin Marietta Materials Trading Down 1.9 %

Shares of MLM opened at $576.12 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. Martin Marietta Materials, Inc. has a 1 year low of $343.79 and a 1 year high of $626.67. The company has a 50 day simple moving average of $587.38 and a two-hundred day simple moving average of $509.94. The firm has a market cap of $35.56 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.67. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm posted $3.04 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts expect that Martin Marietta Materials, Inc. will post 21.23 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 4th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 15.72%.

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.