Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 218,110 shares of the construction company’s stock after buying an additional 42,304 shares during the period. Deutsche Bank AG’s holdings in Martin Marietta Materials were worth $112,654,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MLM. Lee Danner & Bass Inc. bought a new position in Martin Marietta Materials during the fourth quarter worth $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the 4th quarter worth about $35,000. Hopwood Financial Services Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.0 %

MLM stock opened at $541.61 on Friday. The firm’s 50-day moving average is $491.51 and its two-hundred day moving average is $529.26. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 earnings per share. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

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

Insider Buying and Selling

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now 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 filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Petro acquired 550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the transaction, the senior vice president now directly owns 8,985 shares in the company, 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. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Seaport Res Ptn raised shares of Martin Marietta Materials to a “strong-buy” rating in a report on Friday, March 21st. UBS Group downgraded Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price target on the stock. in a report on Monday, April 7th. StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Stephens dropped their target price on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Morgan Stanley upped their price target on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $599.69.

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.