Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Reduced by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,561 shares of the construction company’s stock after selling 340 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Martin Marietta Materials were worth $2,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at about $32,000. First Personal Financial Services purchased a new position in Martin Marietta Materials in the third quarter valued at about $33,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at about $35,000. Retirement Wealth Solutions LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at about $41,000. Finally, R Squared Ltd purchased a new position in Martin Marietta Materials in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $483.06 on Friday. The business has a 50 day moving average price of $526.15 and a 200 day moving average price of $545.66. Martin Marietta Materials, Inc. has a twelve month low of $475.10 and a twelve month high of $633.23. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 4.45 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.77%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Loop Capital decreased their price target on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Citigroup decreased their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. Finally, BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $639.43.

About Martin Marietta Materials

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.