Coldstream Capital Management Inc. Sells 135 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Coldstream Capital Management Inc. lessened its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,599 shares of the construction company’s stock after selling 135 shares during the period. Coldstream Capital Management Inc.’s holdings in Martin Marietta Materials were worth $826,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Street Advisors Inc. NC raised its holdings in Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after acquiring an additional 3,384 shares in the last quarter. RMR Wealth Builders raised its stake in Martin Marietta Materials by 431.3% in the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after buying an additional 1,941 shares during the period. InTrack Investment Management Inc raised its stake in Martin Marietta Materials by 33.9% in the fourth quarter. InTrack Investment Management Inc now owns 3,446 shares of the construction company’s stock valued at $1,784,000 after buying an additional 872 shares during the period. Fifth Third Bancorp raised its stake in Martin Marietta Materials by 24.6% in the fourth quarter. Fifth Third Bancorp now owns 7,005 shares of the construction company’s stock valued at $3,618,000 after buying an additional 1,382 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Martin Marietta Materials by 64.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company’s stock valued at $1,047,000 after buying an additional 796 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. lowered Martin Marietta Materials from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $640.00 to $560.00 in a research note on Wednesday, March 19th. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays dropped their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Seaport Res Ptn upgraded Martin Marietta Materials to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Citigroup reduced their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average price target of $599.62.

Martin Marietta Materials Stock Down 0.3 %

MLM stock opened at $502.89 on Tuesday. The company has a market cap of $30.48 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The business has a 50-day simple moving average of $483.08 and a 200 day simple moving average of $531.26. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials’s payout ratio is 9.77%.

Insiders Place Their Bets

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Petro purchased 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the acquisition, the senior vice president now owns 8,985 shares of the company’s stock, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.68% of the company’s stock.

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.