DekaBank Deutsche Girozentrale Has $71.22 Million Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

DekaBank Deutsche Girozentrale trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLMGet Rating) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,432 shares of the construction company’s stock after selling 260 shares during the period. DekaBank Deutsche Girozentrale owned about 0.26% of Martin Marietta Materials worth $71,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MLM. Marshall Wace North America L.P. acquired a new position in shares of Martin Marietta Materials during the first quarter worth about $62,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of Martin Marietta Materials by 18.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 26,779 shares of the construction company’s stock worth $5,387,000 after buying an additional 4,176 shares during the period. Bank of America Corp DE raised its holdings in Martin Marietta Materials by 20.4% during the second quarter. Bank of America Corp DE now owns 617,239 shares of the construction company’s stock worth $217,152,000 after acquiring an additional 104,737 shares in the last quarter. Private Advisor Group LLC raised its holdings in Martin Marietta Materials by 122.6% during the third quarter. Private Advisor Group LLC now owns 2,353 shares of the construction company’s stock worth $804,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Martin Marietta Materials during the third quarter worth about $1,743,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Shares of MLM stock traded up $2.38 during trading hours on Friday, reaching $371.97. The company’s stock had a trading volume of 337,069 shares, compared to its average volume of 383,772. The firm’s 50 day simple moving average is $379.65 and its 200-day simple moving average is $394.57. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 1.45 and a beta of 0.77. Martin Marietta Materials, Inc. has a fifty-two week low of $329.69 and a fifty-two week high of $446.46. The company has a quick ratio of 1.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.78.

Martin Marietta Materials (NYSE:MLMGet Rating) last issued its earnings results on Thursday, February 10th. The construction company reported $3.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.21. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Martin Marietta Materials had a return on equity of 12.31% and a net margin of 12.98%. The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 13.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, February 28th. Martin Marietta Materials’s dividend payout ratio (DPR) is 21.75%.

Several analysts recently issued reports on MLM shares. Barclays dropped their target price on Martin Marietta Materials from $485.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, February 11th. Morgan Stanley dropped their target price on Martin Marietta Materials from $484.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, February 11th. StockNews.com assumed coverage on Martin Marietta Materials in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, DA Davidson lowered their target price on Martin Marietta Materials from $465.00 to $450.00 in a research note on Monday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials currently has an average rating of “Buy” and an average price target of $446.20.

Martin Marietta Materials Profile (Get Rating)

Martin Marietta Materials, Inc engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregated products only.

See Also

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

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