Janus Henderson Group PLC Has $29.46 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Janus Henderson Group PLC trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,033 shares of the construction company’s stock after selling 7,485 shares during the quarter. Janus Henderson Group PLC owned about 0.09% of Martin Marietta Materials worth $29,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Martin Marietta Materials in the fourth quarter worth $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth about $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth about $35,000. Hopwood Financial Services Inc. bought a new position in shares of Martin Marietta Materials in the fourth quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after purchasing an additional 34 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MLM shares. JPMorgan Chase & Co. lowered Martin Marietta Materials from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $640.00 to $560.00 in a research note on Wednesday, March 19th. Seaport Res Ptn raised shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus boosted their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Loop Capital dropped their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, Stephens dropped their target price on shares of 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. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $599.69.

Martin Marietta Materials Trading Down 0.3%

Shares of Martin Marietta Materials stock opened at $542.30 on Thursday. The firm has a market capitalization of $32.69 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The company’s fifty day moving average price is $494.38 and its two-hundred day moving average price is $528.96. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23.

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

Martin Marietta Materials Dividend Announcement

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

Insider Transactions at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the sale, the executive vice president now owns 3,523 shares of the company’s stock, valued at approximately $1,673,425. This represents a 27.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Petro bought 550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now owns 8,985 shares in the company, valued at $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 insiders.

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.