Charles Schwab Investment Management Inc. Buys 10,309 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Charles Schwab Investment Management Inc. increased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,283 shares of the construction company’s stock after acquiring an additional 10,309 shares during the period. Charles Schwab Investment Management Inc. owned about 0.59% of Martin Marietta Materials worth $181,744,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at about $26,000. MV Capital Management Inc. grew its position in Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 39 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth approximately $27,000. Benjamin Edwards Inc. lifted its holdings in shares of Martin Marietta Materials by 78.8% in the 4th quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Martin Marietta Materials by 84.6% in the 3rd quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wolfe Research cut shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. HSBC upgraded Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their target price for the company from $376.00 to $543.00 in a report on Thursday, February 22nd. Stifel Nicolaus lifted their price target on Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $600.00 target price (up previously from $530.00) on shares of Martin Marietta Materials in a report on Friday, March 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $598.17.

Insiders Place Their Bets

In other news, EVP Roselyn R. Bar sold 10,000 shares of the company’s 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 sale, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Roselyn R. Bar sold 10,000 shares of the business’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 directly owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the transaction, the chief executive officer now directly 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 sold 26,724 shares of company stock worth $16,033,760. 0.68% of the stock is owned by corporate insiders.

Martin Marietta Materials Trading Up 1.1 %

NYSE:MLM opened at $603.20 on Friday. The company has a 50-day moving average price of $601.31 and a 200-day moving average price of $526.64. The stock has a market cap of $37.18 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 2.80 and a beta of 0.95. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 12 month low of $389.90 and a 12 month high of $626.67.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.88 by $0.05. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business posted $2.16 earnings per share. Martin Marietta Materials’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts predict that Martin Marietta Materials, Inc. will post 21.7 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. Investors of record on Monday, March 4th were paid a $0.74 dividend. 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 payout ratio is 8.77%.

Martin Marietta Materials 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.