B & T Capital Management DBA Alpha Capital Management Purchases 853 Shares of Martin Marietta Materials, Inc. (MLM)
B & T Capital Management DBA Alpha Capital Management boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,780 shares of the construction company’s stock after purchasing an additional 853 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Martin Marietta Materials were worth $2,325,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $110,000. Flagship Harbor Advisors LLC acquired a new position in Martin Marietta Materials in the 2nd quarter valued at $128,000. Piedmont Investment Advisors LLC acquired a new position in Martin Marietta Materials in the 2nd quarter valued at $160,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $181,000. Finally, NuWave Investment Management LLC raised its holdings in Martin Marietta Materials by 18,400.0% in the 3rd quarter. NuWave Investment Management LLC now owns 1,110 shares of the construction company’s stock valued at $202,000 after acquiring an additional 1,104 shares in the last quarter.
Martin Marietta Materials stock opened at $188.97 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt-to-equity ratio of 0.57. Martin Marietta Materials, Inc. has a 52 week low of $150.75 and a 52 week high of $241.33. The firm has a market cap of $11.85 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, November 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.02%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 26.74%.
In other news, SVP Donald A. Mccunniff sold 1,476 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $185.50, for a total transaction of $273,798.00. Following the completion of the transaction, the senior vice president now owns 14,467 shares of the company’s stock, valued at approximately $2,683,628.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Donald A. Mccunniff sold 2,250 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $204.33, for a total value of $459,742.50. Following the transaction, the senior vice president now directly owns 12,649 shares of the company’s stock, valued at approximately $2,584,570.17. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
MLM has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on Martin Marietta Materials from $256.00 to $260.00 and gave the company a “buy” rating in a report on Friday, July 27th. Citigroup dropped their price objective on Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating for the company in a report on Monday, July 30th. Stephens set a $204.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, November 13th. Bank of America dropped their price objective on Martin Marietta Materials to $247.00 and set a “buy” rating for the company in a report on Wednesday, July 25th. Finally, ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Martin Marietta Materials has a consensus rating of “Hold” and an average price target of $219.11.
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About Martin Marietta Materials
Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; 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.
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