MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,979 shares of the construction company’s stock after buying an additional 24,637 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.76% of Martin Marietta Materials worth $240,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC raised its holdings in Martin Marietta Materials by 375.7% in the fourth quarter. Lazard Asset Management LLC now owns 9,813 shares of the construction company’s stock worth $5,068,000 after purchasing an additional 7,750 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Martin Marietta Materials by 9.3% during the fourth quarter. Focus Partners Wealth now owns 4,042 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 345 shares in the last quarter. Ensign Peak Advisors Inc increased its position in Martin Marietta Materials by 5.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 22,245 shares of the construction company’s stock valued at $11,490,000 after buying an additional 1,145 shares in the last quarter. Fiduciary Trust Co boosted its stake in Martin Marietta Materials by 21.0% in the 4th quarter. Fiduciary Trust Co now owns 1,812 shares of the construction company’s stock worth $936,000 after purchasing an additional 314 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in Martin Marietta Materials by 0.6% in the 4th quarter. First Manhattan CO. LLC. now owns 34,617 shares of the construction company’s stock worth $17,880,000 after acquiring an additional 196 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $541.61 on Monday. The company has a 50 day moving average price of $491.51 and a 200-day moving average price of $528.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The company has a market capitalization of $32.65 billion, a PE ratio of 16.75, a P/E/G ratio of 4.45 and a beta of 0.89.

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

Martin Marietta Materials Announces Dividend

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

Insider Buying and Selling

In related news, EVP Donald A. Mccunniff sold 1,332 shares of the business’s 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 completion of the transaction, the executive vice president now owns 3,523 shares of the company’s stock, valued at $1,673,425. The trade was a 27.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, with a total value of $249,903.50. Following the purchase, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MLM shares. Truist Financial lowered their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Barclays reduced their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. UBS Group downgraded 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 report on Monday, April 7th. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.