Coldstream Capital Management Inc. Grows Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Coldstream Capital Management Inc. lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 902 shares of the construction company’s stock after buying an additional 49 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Martin Marietta Materials were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. FMR LLC boosted its stake in Martin Marietta Materials by 225.3% during the third quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after acquiring an additional 1,270,116 shares in the last quarter. Norges Bank bought a new stake in Martin Marietta Materials during the fourth quarter worth about $308,705,000. Northern Trust Corp boosted its stake in Martin Marietta Materials by 3.8% during the third quarter. Northern Trust Corp now owns 615,467 shares of the construction company’s stock worth $252,637,000 after acquiring an additional 22,391 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Martin Marietta Materials by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,396 shares of the construction company’s stock worth $307,026,000 after acquiring an additional 27,775 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.0 %

Shares of Martin Marietta Materials stock opened at $573.34 on Friday. The company has a market cap of $35.34 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company’s 50 day moving average is $599.09 and its 200 day moving average is $538.70. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Research analysts anticipate that Martin Marietta Materials, Inc. will post 21.88 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $0.74 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 0.52%. Martin Marietta Materials’s dividend payout ratio (DPR) is 8.77%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group boosted their price objective on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Raymond James upped their target price on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. StockNews.com downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Stephens upped their target price on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.27.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the company’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 transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the company’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 transaction of $9,063,900.00. Following the completion of the sale, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Roselyn R. Bar sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction 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 $36,179,301.30. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

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.