Mutual of America Capital Management LLC Has $4.13 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Mutual of America Capital Management LLC lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,269 shares of the construction company’s stock after selling 379 shares during the period. Mutual of America Capital Management LLC’s holdings in Martin Marietta Materials were worth $4,125,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MLM. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 105,535 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Martin Marietta Materials by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock worth $838,421,000 after purchasing an additional 181,136 shares during the period. FMR LLC lifted its position in Martin Marietta Materials by 225.3% during the third quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after purchasing an additional 1,270,116 shares during the period. Geode Capital Management LLC grew its stake in Martin Marietta Materials by 2.2% during the first quarter. Geode Capital Management LLC now owns 1,286,937 shares of the construction company’s stock worth $455,900,000 after buying an additional 27,930 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 70,072 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insiders Place Their Bets

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 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 $36,179,301.30. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 19,793 shares in the company, valued at $10,757,099.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,724 shares of company stock worth $16,033,760. 0.59% of the stock is currently owned by insiders.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $594.59 on Wednesday. The stock has a market cap of $36.76 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 2.94 and a beta of 0.96. 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 twelve month low of $343.79 and a twelve month high of $626.67. The company’s fifty day moving average is $582.21 and its 200 day moving average is $506.31.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, beating 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 21.09 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared 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 of this dividend was Friday, March 1st. This represents a $2.96 annualized dividend and a yield of 0.50%. Martin Marietta Materials’s payout ratio is 15.72%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MLM shares. HSBC upgraded shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their price target for the stock from $376.00 to $543.00 in a research report on Thursday, February 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $600.00 price target (up previously from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James lifted their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, StockNews.com cut shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.