Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,300 shares of the construction company’s stock after selling 300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Martin Marietta Materials were worth $14,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $26,000. Exchange Traded Concepts LLC acquired a new stake in Martin Marietta Materials in the fourth quarter valued at $27,000. MV Capital Management Inc. lifted its position in shares of Martin Marietta Materials by 144.4% in 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 in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $34,000. Finally, Covestor Ltd lifted its position in shares of Martin Marietta Materials by 84.6% in the third quarter. Covestor Ltd now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 33 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

MLM stock opened at $602.11 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.50 and a current ratio of 3.35. Martin Marietta Materials, Inc. has a 1 year low of $343.71 and a 1 year high of $626.67. The firm has a market cap of $37.22 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. The stock has a 50-day simple moving average of $580.39 and a 200-day simple moving average of $504.35.

Martin Marietta Materials (NYSE:MLMGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 earnings per share 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 during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm earned $3.04 EPS. Martin Marietta Materials’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 21.09 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 4th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.96 dividend on an annualized basis and a yield of 0.49%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 15.72%.

Analysts Set New Price Targets

MLM has been the topic of several recent analyst reports. HSBC upgraded Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their target price for the stock from $376.00 to $543.00 in a research report on Thursday, February 22nd. Citigroup increased their target price on Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James increased their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus increased their target price on Martin Marietta Materials from $510.00 to $598.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, The Goldman Sachs Group raised their price objective on Martin Marietta Materials from $560.00 to $642.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $577.38.

View Our Latest Analysis on MLM

Insider Buying and Selling at Martin Marietta Materials

In other news, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials 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 completion of 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 legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roselyn R. Bar sold 10,000 shares of the firm’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 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 SEC, which is available at the SEC website. Also, Director Sue W. Cole sold 1,724 shares of the firm’s 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 completion of the sale, the director now directly owns 19,793 shares in the company, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. Insiders sold a total of 26,724 shares of company stock worth $16,033,760 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

Martin Marietta Materials Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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