Headlands Technologies LLC Trims Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Headlands Technologies LLC lowered its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 39.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203 shares of the construction company’s stock after selling 134 shares during the quarter. Headlands Technologies LLC’s holdings in Martin Marietta Materials were worth $101,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Truist Financial Corp boosted its stake in shares of Martin Marietta Materials by 9.0% during the fourth quarter. Truist Financial Corp now owns 98,514 shares of the construction company’s stock valued at $49,149,000 after purchasing an additional 8,119 shares during the period. Bryn Mawr Capital Management LLC boosted its position in Martin Marietta Materials by 128.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 7,241 shares of the construction company’s stock valued at $3,613,000 after buying an additional 4,065 shares during the period. Syon Capital LLC grew its stake in Martin Marietta Materials by 16.7% in the 4th quarter. Syon Capital LLC now owns 916 shares of the construction company’s stock worth $457,000 after acquiring an additional 131 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Martin Marietta Materials by 1.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,564 shares of the construction company’s stock worth $780,000 after acquiring an additional 25 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in shares of Martin Marietta Materials by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,645 shares of the construction company’s stock valued at $1,818,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Activity

In other news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the sale, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the transaction, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials 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 sale, the executive vice president now directly owns 59,970 shares in the company, valued at approximately $36,179,301.30. The disclosure for this sale can be found here. Insiders have sold a total of 26,724 shares of company stock worth $16,033,760 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Trading Down 0.4 %

NYSE MLM opened at $602.64 on Tuesday. The firm has a market cap of $37.19 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.96. Martin Marietta Materials, Inc. has a 52 week low of $361.23 and a 52 week high of $626.67. The company has a quick ratio of 2.50, a current ratio of 3.35 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $594.62 and a 200 day moving average price of $518.37.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.67. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 21.3 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.49%. Martin Marietta Materials’s payout ratio is 15.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on MLM shares. Stephens increased their price objective on Martin Marietta Materials from $575.00 to $605.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. StockNews.com lowered Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Truist Financial upped their price objective on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Wolfe Research downgraded shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Finally, Raymond James upped their price target on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $588.69.

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.