Livforsakringsbolaget Skandia Omsesidigt Has $53,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Livforsakringsbolaget Skandia Omsesidigt grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1,666.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106 shares of the construction company’s stock after buying an additional 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Martin Marietta Materials were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Martin Marietta Materials by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,850,912 shares of the construction company’s stock valued at $2,636,848,000 after buying an additional 105,535 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Martin Marietta Materials by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock valued at $838,421,000 after buying an additional 181,136 shares in the last quarter. FMR LLC raised its position in shares of Martin Marietta Materials by 225.3% in the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock valued at $752,803,000 after buying an additional 1,270,116 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Martin Marietta Materials by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,286,937 shares of the construction company’s stock valued at $455,900,000 after buying an additional 27,930 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Martin Marietta Materials by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 919,179 shares of the construction company’s stock valued at $353,783,000 after buying an additional 70,072 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 1.9 %

MLM opened at $576.12 on Friday. The company’s 50 day moving average price is $587.38 and its two-hundred day moving average price is $509.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.35 and a quick ratio of 2.50. Martin Marietta Materials, Inc. has a fifty-two week low of $343.79 and a fifty-two week high of $626.67. The firm has a market capitalization of $35.56 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.85 and a beta of 0.96.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.67. Martin Marietta Materials had a net margin of 17.25% and a return on equity of 15.77%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm posted $3.04 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Martin Marietta Materials, Inc. will post 21.23 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 4th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio is currently 15.72%.

Insider Activity

In other news, CEO C Howard Nye sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total value of $9,063,900.00. Following the sale, the chief executive officer now directly owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the transaction, the executive vice president now owns 59,970 shares in the company, valued at approximately $36,179,301.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Howard Nye sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the transaction, the chief executive officer now owns 134,640 shares in the company, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,724 shares of company stock valued at $16,033,760. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MLM shares. Stifel Nicolaus lifted their price target on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 15th. StockNews.com lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Truist Financial lifted their price target on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Stephens lifted their price target on shares of Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, HSBC raised shares of Martin Marietta Materials from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus price target of $588.69.

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.