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

Fidelis Capital Partners LLC boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Martin Marietta Materials by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,850,912 shares of the construction company’s stock worth $2,636,848,000 after acquiring an additional 105,535 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Martin Marietta Materials by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock worth $838,421,000 after acquiring an additional 181,136 shares during the last quarter. FMR LLC grew its holdings in Martin Marietta Materials by 225.3% during the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after acquiring an additional 1,270,116 shares during the last quarter. Geode Capital Management LLC grew its holdings in Martin Marietta Materials by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 1,286,937 shares of the construction company’s stock worth $455,900,000 after acquiring an additional 27,930 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Martin Marietta Materials by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 919,179 shares of the construction company’s stock worth $353,783,000 after acquiring an additional 70,072 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MLM. Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. The Goldman Sachs Group upped their price objective on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup upped their price objective 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $600.00 price objective (up from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Finally, StockNews.com lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus price target of $588.69.

Martin Marietta Materials Stock Down 1.9 %

Martin Marietta Materials stock opened at $576.12 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.35 and a debt-to-equity ratio of 0.49. Martin Marietta Materials, Inc. has a 12-month low of $343.79 and a 12-month high of $626.67. The firm’s fifty day moving average is $587.38 and its 200 day moving average is $509.94. The company has a market capitalization of $35.56 billion, a PE ratio of 30.60, a PEG ratio of 2.85 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 21.23 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Insiders Place Their Bets

In other Martin Marietta Materials news, EVP Roselyn R. Bar sold 10,000 shares of the company’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 transaction, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 59,970 shares in the company, valued at $36,179,301.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,724 shares of company stock worth $16,033,760. Insiders own 0.61% of the company’s stock.

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.