Bryn Mawr Capital Management LLC Purchases 4,065 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Bryn Mawr Capital Management LLC grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 128.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,241 shares of the construction company’s stock after purchasing an additional 4,065 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,613,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MLM. FMR LLC raised its position in shares of Martin Marietta Materials by 225.3% in the third 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. JPMorgan Chase & Co. increased 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 acquiring an additional 181,136 shares during the period. Invesco Ltd. increased its position in Martin Marietta Materials by 22.6% during the third quarter. Invesco Ltd. now owns 570,193 shares of the construction company’s stock worth $234,053,000 after acquiring an additional 104,981 shares during the period. Qube Research & Technologies Ltd bought a new position in Martin Marietta Materials during the third quarter worth $34,736,000. Finally, Jennison Associates LLC increased its position in Martin Marietta Materials by 96.6% during the fourth quarter. Jennison Associates LLC now owns 157,904 shares of the construction company’s stock worth $78,780,000 after acquiring an additional 77,596 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM traded up $8.10 on Friday, hitting $605.17. The stock had a trading volume of 386,242 shares, compared to its average volume of 407,775. Martin Marietta Materials, Inc. has a twelve month low of $345.03 and a twelve month high of $626.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.50 and a current ratio of 3.35. The firm’s 50 day moving average price is $592.06 and its 200-day moving average price is $514.74. The company has a market capitalization of $37.35 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, beating 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 company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company earned $3.04 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 21.24 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 4th were given 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 0.49%. Martin Marietta Materials’s dividend payout ratio (DPR) is 15.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MLM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a research report on Friday, March 22nd. Citigroup boosted their target price on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Stifel Nicolaus boosted their price target 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. 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 report on Tuesday, April 16th. Finally, Morgan Stanley began coverage on shares of Martin Marietta Materials in a report on Monday, January 8th. They issued an “overweight” rating and a $595.00 price target on the stock. Four research 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $588.69.

Insider Buying and Selling

In related news, Director Sue W. Cole sold 1,724 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $543.48, for a total transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares in the company, valued at approximately $10,757,099.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Martin Marietta Materials news, Director Sue W. Cole sold 1,724 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $543.48, for a total transaction 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 approximately $10,757,099.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at $81,357,566.40. 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 in the last 90 days. Corporate 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.