Janus Henderson Group PLC Has $29.46 Million Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Janus Henderson Group PLC decreased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 11.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,033 shares of the construction company’s stock after selling 7,485 shares during the period. Janus Henderson Group PLC’s holdings in Martin Marietta Materials were worth $29,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in Martin Marietta Materials during the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $32,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $35,000. Hopwood Financial Services Inc. acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC lifted its position in Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MLM. Stifel Nicolaus upped their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Stephens cut their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. UBS Group downgraded shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 target price on the stock. in a research report on Monday, April 7th. Morgan Stanley upped their target price 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, Seaport Res Ptn raised Martin Marietta Materials to a “strong-buy” rating in a research note on Friday, March 21st. 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. According to MarketBeat, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average target price of $599.69.

Martin Marietta Materials Price Performance

NYSE MLM opened at $542.30 on Thursday. The business has a 50 day simple moving average of $494.38 and a 200 day simple moving average of $528.96. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned $1.93 EPS. Martin Marietta Materials’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials’s dividend payout ratio is currently 18.20%.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, SVP Michael J. Petro purchased 550 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the purchase, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $4,082,514.45. The trade was a 6.52% increase in their ownership of the stock. The acquisition 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 firm’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 transaction of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares of the company’s stock, valued at $1,673,425. This represents a 27.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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.