Transamerica Financial Advisors Inc. Sells 149 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Transamerica Financial Advisors Inc. lowered its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,570 shares of the construction company’s stock after selling 149 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Martin Marietta Materials were worth $4,075,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC grew its stake in shares of Martin Marietta Materials by 2.8% during the second quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company’s stock valued at $360,000 after buying an additional 18 shares during the last quarter. Inspire Investing LLC increased its stake in Martin Marietta Materials by 0.9% in the 3rd quarter. Inspire Investing LLC now owns 2,126 shares of the construction company’s stock worth $1,144,000 after purchasing an additional 19 shares during the period. Mather Group LLC. lifted its position in Martin Marietta Materials by 13.6% in the second quarter. Mather Group LLC. now owns 167 shares of the construction company’s stock valued at $90,000 after purchasing an additional 20 shares during the last quarter. TFG Advisers LLC boosted its stake in shares of Martin Marietta Materials by 3.7% during the second quarter. TFG Advisers LLC now owns 555 shares of the construction company’s stock valued at $300,000 after purchasing an additional 20 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its holdings in shares of Martin Marietta Materials by 3.0% in the second quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company’s stock worth $368,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 1.8 %

MLM stock traded down $10.60 during midday trading on Tuesday, hitting $593.40. The stock had a trading volume of 58,877 shares, compared to its average volume of 445,792. The business has a 50-day moving average of $566.69 and a two-hundred day moving average of $556.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The firm has a market cap of $36.27 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 4.05 and a beta of 0.90. Martin Marietta Materials, Inc. has a 52-week low of $456.83 and a 52-week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $6.94 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is 9.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MLM shares. Morgan Stanley upped their price target on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a report on Monday, August 26th. BNP Paribas raised shares of Martin Marietta Materials to a “strong-buy” rating in a research note on Thursday, September 19th. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price on the stock. Stephens lowered their price target on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut their price objective on Martin Marietta Materials from $560.00 to $515.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.85.

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.