Schear Investment Advisers LLC Has $822,000 Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Schear Investment Advisers LLC boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,647 shares of the construction company’s stock after buying an additional 20 shares during the period. Schear Investment Advisers LLC’s holdings in Martin Marietta Materials were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Martin Marietta Materials by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,850,912 shares of the construction company’s stock valued at $2,636,848,000 after purchasing an additional 105,535 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Martin Marietta Materials by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock valued at $838,421,000 after purchasing an additional 181,136 shares during the period. FMR LLC increased its holdings in shares of Martin Marietta Materials by 225.3% in the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock valued at $752,803,000 after purchasing an additional 1,270,116 shares during the period. Geode Capital Management LLC increased its holdings in shares of Martin Marietta Materials by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,286,937 shares of the construction company’s stock valued at $455,900,000 after purchasing an additional 27,930 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Martin Marietta Materials by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 919,179 shares of the construction company’s stock valued at $353,783,000 after purchasing an additional 70,072 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock traded down $11.48 during trading hours on Friday, reaching $575.65. 317,416 shares of the company were exchanged, compared to its average volume of 401,113. The firm has a market cap of $35.53 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 2.88 and a beta of 0.96. The company has a current ratio of 3.35, a quick ratio of 2.50 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $586.40 and a 200 day moving average of $508.75. Martin Marietta Materials, Inc. has a 12 month low of $343.79 and a 12 month high of $626.67.

Martin Marietta Materials (NYSE:MLM) last announced its 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. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.04 earnings per share. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 21.23 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were given a $0.74 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.96 annualized dividend and a dividend yield of 0.51%. Martin Marietta Materials’s dividend payout ratio is 15.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MLM. The Goldman Sachs Group upped their target price on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a report on Tuesday. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Morgan Stanley assumed coverage on Martin Marietta Materials in a research note on Monday, January 8th. They issued an “overweight” rating and a $595.00 price target for the company. Citigroup boosted their price target on Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Stephens boosted their price target on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $588.69.

Insider Activity

In other 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 value of $9,063,900.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Sue W. Cole sold 1,724 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $543.48, for a total value of $936,959.52. Following the completion of the sale, the director now directly owns 19,793 shares of the company’s stock, valued at $10,757,099.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Howard Nye sold 15,000 shares of the company’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 owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,724 shares of company stock valued at $16,033,760. 0.61% of the stock is owned by company insiders.

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.