Skopos Labs Inc. Makes New Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Skopos Labs Inc. bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 429 shares of the construction company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Martin Marietta Materials by 16.6% during the 4th quarter. Advisory Services Network LLC now owns 1,059 shares of the construction company’s stock valued at $528,000 after acquiring an additional 151 shares during the last quarter. HCR Wealth Advisors acquired a new position in shares of Martin Marietta Materials during the 4th quarter valued at about $212,000. Commerce Bank boosted its position in shares of Martin Marietta Materials by 2.6% during the 4th quarter. Commerce Bank now owns 2,840 shares of the construction company’s stock valued at $1,417,000 after acquiring an additional 72 shares during the last quarter. US Bancorp DE boosted its position in shares of Martin Marietta Materials by 0.8% during the 4th quarter. US Bancorp DE now owns 10,021 shares of the construction company’s stock valued at $5,000,000 after acquiring an additional 84 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Martin Marietta Materials by 25.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,562 shares of the construction company’s stock valued at $4,272,000 after acquiring an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MLM. The Goldman Sachs Group boosted their price target on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $376.00 to $543.00 in a report on Thursday, February 22nd. Truist Financial boosted their price objective on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, 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. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $610.27.

Martin Marietta Materials Stock Up 1.0 %

MLM traded up $5.70 on Friday, reaching $579.16. The company’s stock had a trading volume of 283,431 shares, compared to its average volume of 440,534. The stock has a 50 day moving average of $598.74 and a two-hundred day moving average of $540.32. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.73 and a beta of 0.95. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 earnings per share. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 21.88 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 3rd. Martin Marietta Materials’s payout ratio is currently 8.77%.

Insider Activity

In other news, CEO C Howard Nye sold 15,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO C Howard Nye sold 15,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 134,640 shares in the company, valued at $81,357,566.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roselyn R. Bar sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 of the company’s stock, valued at approximately $36,179,301.30. The disclosure for this sale can be found here. Corporate insiders own 0.68% 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.