Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,961 shares of the construction company’s stock after selling 564 shares during the quarter. Securian Asset Management Inc.’s holdings in Martin Marietta Materials were worth $1,976,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Martin Marietta Materials by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock valued at $838,421,000 after purchasing an additional 181,136 shares in the last quarter. FMR LLC increased its stake in shares of Martin Marietta Materials by 225.3% in the third quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock worth $752,803,000 after buying an additional 1,270,116 shares during the last quarter. Northern Trust Corp boosted its stake in Martin Marietta Materials by 3.8% during the 3rd quarter. Northern Trust Corp now owns 615,467 shares of the construction company’s stock valued at $252,637,000 after acquiring an additional 22,391 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Martin Marietta Materials by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,396 shares of the construction company’s stock worth $307,026,000 after acquiring an additional 27,775 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Martin Marietta Materials by 22.6% in the 3rd quarter. Invesco Ltd. now owns 570,193 shares of the construction company’s stock valued at $234,053,000 after purchasing an additional 104,981 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Activity

In related news, EVP Roselyn R. Bar sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $603.29, for a total value of $6,032,900.00. Following the sale, the executive vice president now directly owns 59,970 shares in the company, valued at approximately $36,179,301.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Roselyn R. Bar sold 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the sale, the executive vice president now directly owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total value of $9,063,900.00. Following the completion of the transaction, the chief executive officer now directly owns 134,640 shares in the company, valued at approximately $81,357,566.40. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $580.75 on Monday. The stock has a market cap of $35.80 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 2.41. Martin Marietta Materials, Inc. has a 12 month low of $389.90 and a 12 month high of $626.67. The stock’s 50 day moving average price is $601.07 and its 200 day moving average price is $535.56.

Martin Marietta Materials (NYSE:MLMGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.05. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $2.16 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 21.75 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Monday, June 3rd. Martin Marietta Materials’s payout ratio is 8.77%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MLM. Stephens boosted their price objective on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Citigroup boosted their target price on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Raymond James raised their target price on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group upped their target price on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.27.

View Our Latest Research Report on Martin Marietta Materials

Martin Marietta Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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