Mufg Securities Americas Inc. Invests $466,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

Mufg Securities Americas Inc. acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 902 shares of the construction company’s stock, valued at approximately $466,000.

A number of other large investors have also recently added to or reduced their stakes in MLM. JPMorgan Chase & Co. grew its position in shares of Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. Wedmont Private Capital lifted its stake in Martin Marietta Materials by 7.4% in the 4th quarter. Wedmont Private Capital now owns 534 shares of the construction company’s stock valued at $272,000 after buying an additional 37 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Martin Marietta Materials by 5.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 661 shares of the construction company’s stock valued at $341,000 after buying an additional 35 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Martin Marietta Materials by 14.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 854 shares of the construction company’s stock valued at $441,000 after buying an additional 110 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Martin Marietta Materials by 36.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,002 shares of the construction company’s stock worth $517,000 after buying an additional 269 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 2.2%

Shares of NYSE MLM opened at $552.87 on Friday. The stock has a market capitalization of $33.33 billion, a PE ratio of 17.10, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $497.71 and a 200-day moving average of $528.88. 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 posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 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 business earned $1.93 earnings per share. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. Martin Marietta Materials’s dividend payout ratio (DPR) is 18.20%.

Insiders Place Their Bets

In related news, SVP Michael J. Petro bought 550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired 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. This represents a 6.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total value of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MLM has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded Martin Marietta Materials from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. Raymond James reduced their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Finally, UBS Group downgraded shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price objective on the stock. in a research note on Monday, April 7th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.