Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 64.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,991 shares of the construction company’s stock after selling 8,996 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Martin Marietta Materials were worth $2,578,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MLM. Checchi Capital Advisers LLC raised its holdings in Martin Marietta Materials by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock valued at $690,000 after buying an additional 19 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Martin Marietta Materials by 1.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $527,000 after acquiring an additional 19 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Martin Marietta Materials by 4.7% in the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock worth $231,000 after acquiring an additional 20 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Martin Marietta Materials by 4.5% during the 4th quarter. OLD National Bancorp IN now owns 483 shares of the construction company’s stock worth $249,000 after purchasing an additional 21 shares during the period. Finally, Signaturefd LLC increased its holdings in Martin Marietta Materials by 2.6% in the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company’s stock valued at $431,000 after purchasing an additional 21 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael J. Petro purchased 550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.69% of the stock is owned by corporate insiders.

Martin Marietta Materials Trading Up 0.0 %

Shares of MLM stock opened at $541.61 on Friday. The company has a market capitalization of $32.65 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $491.51 and its two-hundred day moving average is $529.26. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Martin Marietta Materials’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.93 EPS. Equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. Martin Marietta Materials’s payout ratio is currently 18.20%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lowered their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. downgraded Martin Marietta Materials from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. UBS Group cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price target on the stock. in a research report on Monday, April 7th. Loop Capital dropped their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Finally, StockNews.com upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $599.69.

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.