Shine Investment Advisory Services Inc. lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 191.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143 shares of the construction company’s stock after acquiring an additional 94 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Martin Marietta Materials were worth $29,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Martin Marietta Materials by 11.2% in the 4th quarter. Legal & General Group Plc now owns 301,344 shares of the construction company’s stock valued at $51,792,000 after acquiring an additional 30,279 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Martin Marietta Materials in the 4th quarter worth about $481,000. Point72 Hong Kong Ltd purchased a new stake in Martin Marietta Materials in the 3rd quarter worth about $161,000. Handelsbanken Fonder AB raised its position in Martin Marietta Materials by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,000 shares of the construction company’s stock worth $5,156,000 after purchasing an additional 2,000 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Martin Marietta Materials by 7.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 9,540 shares of the construction company’s stock worth $1,640,000 after purchasing an additional 690 shares during the period.
A number of analysts recently weighed in on MLM shares. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Stephens set a $205.00 price objective on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Wednesday, January 16th. Stifel Nicolaus reissued a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, December 19th. Bank of America lowered shares of Martin Marietta Materials from a “neutral” rating to an “underperform” rating in a research report on Tuesday. Finally, Citigroup reduced their price objective on shares of Martin Marietta Materials from $231.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $217.36.
In other news, Director Sue W. Cole sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $195.07, for a total transaction of $292,605.00. Following the transaction, the director now directly owns 20,933 shares of the company’s stock, valued at $4,083,400.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald A. Mccunniff sold 660 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $190.90, for a total transaction of $125,994.00. Following the transaction, the senior vice president now directly owns 15,349 shares in the company, valued at $2,930,124.10. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
Shares of NYSE:MLM opened at $212.01 on Wednesday. The company has a market cap of $13.22 billion, a PE ratio of 26.21, a P/E/G ratio of 1.84 and a beta of 1.12. Martin Marietta Materials, Inc. has a one year low of $150.75 and a one year high of $232.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89 and a current ratio of 1.74.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, February 12th. The construction company reported $1.50 EPS for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.21). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Martin Marietta Materials had a return on equity of 10.31% and a net margin of 11.07%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 8.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 4th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 23.73%.
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 offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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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